- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Anti-Woke ‘Strive’ Unveils $DRLL to Go to War Against BlackRock, ‘Depoliticize Corporate
Posted on 8/10/22 at 2:52 pm
Posted on 8/10/22 at 2:52 pm
America'
Breitbart: Anti-woke ETF debuts to take on woke corporations
Bloomberg's take on anti-Woke ETFs
Audio link of conservative investing - not as condescending as I expected.
quote:
“These three asset managers control $22 trillion in asset fund management. And so, if you think about that … that’s greater than the GDP of the United States of America,” Danhof explained. “And what do they do with that money? Well, they use their shareholder vote and their advocacy, that is their engagement with business, to affect culture in ways that most Americans disagree with.”
Danhof said environmental, social, and governance — known as ESG — is driving asset management firms to pressure corporations on a swath of left-wing issues.
“They use that $22 trillion in assets because they are upstream from American businesses to tell American businesses how to act,” Danhof said. “In a very large sense, what your audience sees every day with actions by Bank of America debanking gun clients or Nike pulling a Betsy Ross tribute shoe or Chevron and Exxon, for example, canceling energy projects here in the United States and abroad, a lot of the times you can actually point upstream and see that the largest shareholders of these companies are actually pressuring them to take these actions that are, again, going against the will of not only everyday citizens … but very often the folks who have their hard-earned money … with BlackRock, State Street, and Vanguard.” [Emphasis added]
Most crippled by ESG, Danhof said, is the American energy sector. In response, Strive launched its first product on the New York Stock Exchange — $DRLL.
Breitbart: Anti-woke ETF debuts to take on woke corporations
quote:
In December, 2ndVote will launch an ETF perfectly attuned to the latest Trumpian cultural grievance: a “First Amendment fund” called the American Freedoms ETF. Composed of companies with permissive speech policies, the fund excludes platforms such as Facebook, Google, and Twitter, which the former president claims unfairly “censor” him. Grant insists the fund’s purpose isn’t political. Rather, it’s an expression of economist Milton Friedman’s dictum that a company’s sole responsibility is to make money. “What I would say to Jack Dorsey and Mark Zuckerberg is they should focus on profitability, not on social justice activism like Black Lives Matter and climate alarmism,” says Grant. “I wouldn’t want to be in their shoes if Trump gets reelected.”
Grant isn’t the first money manager to target the MAGA masses. “They’re kind of copying me,” complains Hal Lambert, founder of Fort Worth-based Point Bridge Capital, which rolled out its GOP Stock Tracker ETF, better known by its ticker MAGA, in 2017. Both firms also compete with the American Conservative Values ETF, started last year by Ridgeline Research. Despite bickering over which fund is the more authentically conservative, none holds assets in excess of $35 million. For all that Trump has suffused American life, the world of ETFs has so far been resistant.
Bloomberg's take on anti-Woke ETFs
Audio link of conservative investing - not as condescending as I expected.
Posted on 8/10/22 at 3:09 pm to NPComb
I expect it to go to 0
Hard to make money when your investors are in the fema camp
Why won’t y’all just take your joestrogen and send in your mail in ballot
Hard to make money when your investors are in the fema camp
Why won’t y’all just take your joestrogen and send in your mail in ballot
Posted on 8/10/22 at 5:15 pm to el Gaucho
quote:IDK.
I expect it to go to 0
But I religiously separate politics and investments, often holding my nose to do it.
E.g., I hate the wokeness behind DIS, but bought a truckload at $93.
I do admire the Thiel, Ackman, Ramaswamy thesis. They are 100% correct on negative effects of Larry Fink et al. Ramaswamy correctly states Wind and Solar are out of the Exxon/Chevron wheelhouse. Whereas, in terms of Green Energy, Hydrogen might not be. It's a strong point.
If Thiel & Co gain momentum, I'd be happy to put money there. But at this early juncture they are lightyears away from the kind of influence they desire.
Posted on 8/10/22 at 6:40 pm to NPComb
Can someone fact check that $22 trillion claim? The total of all the savings of every American is less than $12 trillion, and these three allegedly control almost twice that?
Posted on 8/10/22 at 8:01 pm to NPComb
next step in the developing parallel economy
makes sense for investors who want to buy that energy index basket of stocks anyway
and
makes sense for entrepreneurs who are smartly taking advantage of the sentiment ... and also invoking the mandate to vote for profit and not ESG
let's see if investors really give a shite
makes sense for investors who want to buy that energy index basket of stocks anyway
and
makes sense for entrepreneurs who are smartly taking advantage of the sentiment ... and also invoking the mandate to vote for profit and not ESG
let's see if investors really give a shite
Posted on 8/10/22 at 8:02 pm to NPComb
ESG is total bullshite. It’s basically tyranny by these corporations and is evil.
That said, it’s foolish to think it’s not going to move the markets.
That said, it’s foolish to think it’s not going to move the markets.
Posted on 8/10/22 at 8:11 pm to deathvalleytiger10
it is bullshite
however
atrocious legislation like the recent inflation bill will again pump chunks of cash into worthless "green" companies and make very few rich
again
then we will drill baby drill
again
rinse and repeat (unfortunately)
however
atrocious legislation like the recent inflation bill will again pump chunks of cash into worthless "green" companies and make very few rich
again
then we will drill baby drill
again
rinse and repeat (unfortunately)
Posted on 8/10/22 at 8:13 pm to Chucktown_Badger
quote:
Can someone fact check that $22 trillion claim?
Quick google search says it’s accurate.
Posted on 8/10/22 at 8:18 pm to el Gaucho
quote:
I expect it to go to 0
Peter Thiel got those billys in his Roth to cash into this thing if he needs to
Posted on 8/11/22 at 2:31 pm to Shankopotomus
Any word on distributions?
Posted on 8/12/22 at 7:31 am to Chucktown_Badger
quote:LINK
As of the first quarter of 2022, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 9.6 trillion U.S. dollars. This compares to 9.01 trillion U.S. dollars of AUM one year earlier, as of the March 31, 2021. The total assets under management of BlackRock Inc. almost doubled between 2016 and 2021, reaching a value which makes them the world’s largest asset management company.
Posted on 8/12/22 at 7:38 pm to NPComb
It’s incredible and great to see someone calling this shite out and trying to do something about it.
Popular
Back to top
Follow TigerDroppings for LSU Football News