This better not awaken anything in me
This better not awaken anything in me
Faraday Rage
Hot take: it was a valiant effort by people with tremendous power and influence to do the right thing with the wrong tools. Blackrock et al. tested the hypothesis that companies can generate greater returns by doing good. In doing so they risked their reputation and relationships with their investors.
We all learned together that their hypothesis is wrong. One cannot add a constraint (ESG etc) without compromising returns, and the big money piles operate with mandates to maximize risk-adjusted returns.
I’m also not allowed to forget about Coca-Cola. Or Taylor Swift. Or Meta. Or the sun.
High quality content. Love it!