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> It makes no sense why such ephemeral concepts should somehow lead to better investments. What specifically do you find ephemeral about ESG?
by chollida1 3y ago
> It makes no sense why such ephemeral concepts should somehow lead to better investments.
What specifically do you find ephemeral about ESG?
- Aerroon 3y agoSocial and governance are both factors that are going to be more political than results based. Getting a biased third party to evaluate companies on those two factors might as well be a game of darts, because what's considered actually important is going to vary based on the person's politics that's doing the evaluation (or writing the specific evaluation criteria). Social responsibility is a nice phrase to use when you want to justify anything you want politically, but the only meaning it carries is "you should do what my politics thinks is best". It's ephemeral because if you give those criteria to a country whose politics you don't like, then you're going to get results that you don't agree with.
- chollida1 3y agoOK, i get some of your points. I don't agree very much but I understand your point. I appreciate the response.