The Woke Street Journal
Bottom line though, whenever you make investment decisions on anything other than investment merit you risk less than optimal outcomes. When you encourage, or force, companies to engage in non profit maximizing activities you also run the real risk of less than optimal outcomes. Inside ETFs: ESG Isn’t All About Exclusion-ETF.com
ESG works so well in public markets so yeah, let’s take it to private ones also. Last time I looked we still kind of need fossil fuels. A $9.5 Trillion ESG Investor Group Wants Private Market Reforms-Bloomberg
Global ESG investors with $9.5 trillion under management say it’s time to demand more accountability from private markets, amid evidence they’re increasingly absorbing fossil-fuel assets.
Still short. Planet Fitness hires progressive new CEO who has pushed DEI-based hiring despite backlash over gym banning member who reported trans woman shaving in female locker room-Daily Mail
Nice rejection at the 200 day, next stop $56.
How about focusing on your share price? Shocker that investors would rather see a company focus on profits instead of green pledges. These guys are on a path to be in GWGB when it comes out in May. ESG Poster Child Unilever Waters Down Green Pledges-Bloomberg
CEO Hein Schumacher is scaling back some commitments on plastics and diversity against a backdrop of wider investor unrest around such strategies.
Break below this $46.50 area looks like a good spot to short.
Opinion: Ben & Jerry’s woke chickens are coming home to roost-Financial Post
But now Ben & Jerry’s chickens have come home to roost. Unilever, the British food giant that is Ben & Jerry’s parent company, is disowning its rebellious child — announcing it is carving off its ice cream business from the rest of the company and signaling it is open to a sale. Naturally, some commentary claims this is a business-only decision and that Ben & Jerry’s relentless progressive campaigning played no part in it. That’s hard to believe given the way Ben & Jerry’s seems willing to prioritize its politics over its bottom line.
We helped with the launch and running of NSI which is an emerging market ETF the excludes Chinese companies that make things that could be used against our troops. I think whenever you start using metrics other than investment merit to choose stocks you start down a slippery slope. I also think everyone has a line. For some it’s fossil fuels, for other’s it could be Chinese military. While I do think excluding things like fossil fuels from your portfolio sacrifices returns, I think you can exclude Chinese military and cyberwarfare companies without any sacrifice. Also have lots of issues with how guys like BlackRock do things. Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds-WSJ
A congressional investigation found that Wall Street used billions of dollars of American retirement savings and other investments to buy shares in index funds that included more than five dozen blacklisted Chinese companies.
The probe, conducted by a bipartisan House committee empowered to devise strategies for the U.S. to counter China, focused on BlackRock, the world’s largest asset manager, and MSCI, a compiler of stock indexes. The investigation represented a broad review of how American financial institutions facilitated investment in Chinese companies accused by the U.S. government of bolstering China’s military and violating human rights.
Google is a company I trade and could be a name we have in GWGB when it comes out in May. I think this is a big deal, just not sure how at the moment. Google CEO Pichai Calls for Reset After Activist Firings-WSJ
Google CEO Sundar Pichai on Thursday said that while preserving Google’s open culture is important, the company also needs to enforce workplace policies and be “more focused in how we work, collaborate, discuss and even disagree.”
Google wasn’t the place “to fight over disruptive issues or debate politics,” Pichai wrote in an email announcing a restructuring of the company’s devices and mobile software divisions. “This is too important a moment as a company for us to be distracted,” he said.
Break of the 10 day could be a short entry.
But Massachusetts isn’t a border state. We need the know it alls on MSNBC to school these people. Poll: Massachusetts Voters Say Immigration Is The Top Issue Facing The State-Daily Wire
Wall Street Journal Op Ed page is full of stories this morning about aid to Ukraine. Pisses me off that Congress is more worried about Ukraine’s border than ours. What I have never seen anybody adequately explain is how us continuing to give Ukraine monetary aid means they are going to defeat Russia? I get that we could delay a Russian victory and/or degrade their capabilities, but how does Ukraine win without putting US boots on the ground? What Would Russian Victory in Ukraine Look Like?-WSJ
Whenever something is going on in the world I always like to ask myself the question of who benefits. General Dynamics, Northrop Grumman Set for Gains After Israel Strike on Iran-Barron’s
Yeah, but if you are still watching the mainstream media for your news you are crazy. New CEO Of NPR Is Everything Wrong With The News Media-Daily Wire
How does this stuff keep us safer? So if I commit a crime but I was on meth it’s ok? Indiana Judge ‘Reluctantly’ Frees Woman Who Admitted to Smothering Baby While High on Meth-Breitbart
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