/sci/ - Science & Math » Thread #13870967

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ESG investing

Anonymous Sat 20 Nov 02:40:53 2021 No.13870967 View Reply Original Report

Quoted By: >>13873397 >>13873410 >>13875772 >>13875890

Can you make money with ESG investing?

Anonymous

Anonymous Sat 20 Nov 2021 20:52:08 No.13873397 Report

Quoted By:

>>13870967
No.

The second you put money into something because of its perceived value according to a set of arbitrary criteria you subject yourself to arbitrary investors and markets.

Its a bit like tech: you have no way of telling whether you're putting money into the next Juicero or WeWork because investors are fucking retarded and support things that are fucking retarded and have no fundamental value.

Anonymous

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Anonymous Sat 20 Nov 2021 20:56:51 No.13873410 Report

Quoted By:

>>13870967
I've also thought about the following: someone should just start an anti-ESG Private Equity fund.

Like, take some shitty company trying to virtue signal: remove all of the pro-climate investments, fire the HR department, fire the bottom 10% of staff (probably minorities). -> Profits double -> resell the company to a foreign acquirer who doesn't care about ESG.

Picrel: Chevron is a fucking oil company they're never going to be pro climate. Cut that shit and save $10B of budget for developing oil wells.

Anonymous

Anonymous Sun 21 Nov 2021 15:22:06 No.13875772 Report

Quoted By:

>>13870967
I know that there are investors that emphasise ESG and is making a lot of money.

Anonymous

Anonymous Sun 21 Nov 2021 15:58:19 No.13875890 Report

Quoted By:

>>13870967
Yes, and there are two components. One is that it can be a proxy for government or market failure. There are needs of society that are not being properly addressed and if your investment can also capture the benefits that result from solving those needs you can make a profit.

The other is related to how the market can stay irrational longer than you can stay solvent. There are lots of powerful and wealthy people that have bought into this idea one way or another, whether it's because they do see a profit opportunity or if it's for social standing among their peers. Even if they're wrong it will take time for the market to self-correct, assuming there aren't so many pushing ESG everywhere that it has become too big to fail. Then self-correction will take longer and it will happen all at once when the government can no longer hold back economic forces.

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