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Started By
Message
Companies that invest in ESG perform better on the stock market
Posted on 8/30/23 at 1:50 pm
Posted on 8/30/23 at 1:50 pm
Taking a course on AI from Google and found this interesting tidbit.
Video starts at 8:29:
Transcript:
The business case for responsible innovation
Anyone want to chime in on this?
Video starts at 8:29:
Transcript:
quote:
companies that invest in environmental, social and corporate governance measures, or ESG perform better on the stock market
The business case for responsible innovation
Anyone want to chime in on this?
21
Posted on 8/30/23 at 1:51 pm to bad93ex
because the government is picking the winners and losers.
Posted on 8/30/23 at 1:53 pm to bad93ex
True because the funds backing the companies do not invest based on profitability. This is something entirely different.
Posted on 8/30/23 at 1:54 pm to bad93ex
Timing would matter right?
Were these companies successful before investing in ESG, thus they had the capital to do so?
Were these companies successful before investing in ESG, thus they had the capital to do so?
Posted on 8/30/23 at 1:55 pm to bad93ex
Try that in a small market.
Posted on 8/30/23 at 1:55 pm to bad93ex
frick that. Make me money. Things that don't make money need to disappear. Platitudes like, "diversity is our strength," are bullshite.
The fact that Fidelity, BlackRock, etc., invest billions in these dickhead companies with DEI initiatives does not make the companies in question make more money.
But this does feel like bait.
The fact that Fidelity, BlackRock, etc., invest billions in these dickhead companies with DEI initiatives does not make the companies in question make more money.
But this does feel like bait.
This post was edited on 8/30/23 at 1:56 pm
Posted on 8/30/23 at 1:56 pm to Sam Quint
And I’ve never seen such a speculative market. TSLA is flush with cash and actually turns a profit in the EV game but is wildly fluctuating every time Elon is in the news about something culture/politics related.
Posted on 8/30/23 at 1:59 pm to bad93ex
Because the people that control the stock market are the ones telling them ESG is important.
Posted on 8/30/23 at 2:01 pm to bad93ex
If it yields a positive return on my Fidelity investments, then I don't give a frick what kind of stock it is. Any profit is better than no profit.
Making money is more important than being obsessed with politics. The OG Jordan Belfort once said “I’ve been a rich man and I’ve been a poor man, and I choose rich every fricking time.” Dude did whatever the frick it took to get rich, and he succeeded. People need to quit being so hooked on politics and focus on getting rich through whatever endeavor they need to do it in.
Making money is more important than being obsessed with politics. The OG Jordan Belfort once said “I’ve been a rich man and I’ve been a poor man, and I choose rich every fricking time.” Dude did whatever the frick it took to get rich, and he succeeded. People need to quit being so hooked on politics and focus on getting rich through whatever endeavor they need to do it in.
This post was edited on 8/30/23 at 2:41 pm
Posted on 8/30/23 at 2:06 pm to bad93ex
quote:
Anyone want to chime in on this?
Yeah, it should tell you that the whole "we need to start using this and not that because of global warming" is complete horseshite.
You think the government or politicians push something because they are concerned about the people? If anyone should go to jail for insider trading it should be most people in the US congress.
Posted on 8/30/23 at 2:10 pm to bad93ex
quote:
AI from Google
Oof
Posted on 8/30/23 at 2:10 pm to Sam Quint
quote:
because the government is picking the winners and losers.
Posted on 8/30/23 at 2:22 pm to bad93ex
quote:
Companies that invest in ESG perform better on the stock market
Well blackrock and vanguard are literally willing to dump money just because of ESG scores, not profitability.
It’s conflating correlation with causality.
Most of Hollywood products have a bunch of “woke” stuff because Hollywood is woke. It’s not a reflection of reality.
Posted on 8/30/23 at 2:27 pm to 3nOut
My company is pretty big on esg/dei, I've been dumping their stock since the crash and recycling it into ET and other dividend payers as fast as it gets fully vested. Love ET's 49 ESG score almost as much as their >19% payout (based on my buy in)
Posted on 8/30/23 at 2:28 pm to Sam Quint
And that's why there is no free market.
Posted on 8/30/23 at 2:31 pm to Wraytex
quote:
My company is pretty big on esg/dei, I've been dumping their stock since the crash and recycling it into ET and other dividend payers as fast as it gets fully vested. Love ET's 49 ESG score almost as much as their >19% payout (based on my buy in)
One big player in my segment took a tooooonnn of state street and vanguard money to grow and they went all out this last pride month.
They grew ridiculously with all the capital and flamed out and are now looking for a buyer.
Posted on 8/30/23 at 2:31 pm to bad93ex
Ask the same AI what a woman is.
The people who program it to give you that bullshite answer are also the ones telling AI to give the answer.
The people who program it to give you that bullshite answer are also the ones telling AI to give the answer.
Posted on 8/30/23 at 2:36 pm to bad93ex
Because funds wouldn't buy your stock unless you were ESG rated. So it was a feedback loop.
Posted on 8/30/23 at 2:36 pm to bad93ex
1) Govt incentives
2) Green investment firms
Ride the wave while you can bc once the government gravy train stops, the revenue will sharply decrease and stock prices will fall. It’s not a long term play without Govt incentives. The technology is not cost effective and the power out lput doesn’t satisfy demand.
2) Green investment firms
Ride the wave while you can bc once the government gravy train stops, the revenue will sharply decrease and stock prices will fall. It’s not a long term play without Govt incentives. The technology is not cost effective and the power out lput doesn’t satisfy demand.
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