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ESG (environmental social governance) is a fraud
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Towgunner Offline
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Post: #1
ESG (environmental social governance) is a fraud
ESG stands for environmental social governance. ESG is all the rage right now in the financial services community. Flagship mutual funds once called things like Magellan are now ESG funds. I can't seem to make any sense out of this and many of my peers in this industry can't either. ESG is a metric that many companies are now being held too. For instance, if a company's ESG score isn't sufficient, it will not be included in a stock screen and therefore will not be considered by investors as a possible investment. Said company won't even hit the radar. It sounds simple enough. Environmental - green shit. Social - what you'd expect and dread, equality, women, minorities, homosexuals. Governance? ? Don't know, perhaps the internal policies are in place to execute on all this shit. Thing is, environmental shit tends to be expensive. Social shit means you do not hire the most qualified people. Governance, if I'm right, is likely authoritarian. What gets me is this...none of those things optimizes profitability, which is the only thing that matters to a company and to an investor. ESG is, therefore, a perversion. It would channel capital to companies that might be ESG compliant, but, since ESG compliant is not the same as optimized profitability, chances are high that capital would be misallocated. Since this is being done at a systemic level, valuations for lessor companies will rise and ones that are not included, but, may have a more optimized profitability model would have less capital investing in it and, therefore, under valued. An investor has one job - sustaining capital and growing it. You grow capital by making wise investments. A wise investment is a company that is profitable. ESG is not a marker of profitability. Its more of a PR window dressing virtual signalling bullshit. Most people get this. But major funds are investing huge sums of money to better measure a company's ESG score.

Its simply all bullshit. Once more, where the fuck does wall street, of all places, get off lecturing anyone about "morality"?
02-10-2020 08:47 AM
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pitbullowner Offline
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Post: #2
RE: ESG is a fraud
Ah, the stock market doing well, and Trump doing his best to keep a watchful eye on the Federal reserve....

Looks like it's time to change the normal rules to benefit the elites. I wonder how QAnon types are going to spin this...

My bets are, they don't and won't.
(((QAnon))) is a joke too.

The whole ESG score thing sounds scary for people with money heavily tired into stock markets.

Is crypto better ?

I'm not going to act like I know what I'm talking about in regards to market trends and investing. I sure as shootin don't

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(11-19-2019 11:07 PM)TigOlBitties Wrote:  The Joneses are all retards



(02-15-2020 12:26 AM)Leonard D Neubache Wrote:  The reality is that the only thing protecting the degenerates is the government. We talk about "law and order" but that's a trite concept when your government is Lawful-Evil rather than Lawful-Good in order to put it in a blunt albeit nerdy way.
02-10-2020 08:51 AM
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Leonard D Neubache Offline
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Post: #3
RE: ESG is a fraud
Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

God demands of Man responsibility. God demands of Woman vulnerability. These are their curse and blessing alike. Libertianism is to Man as Feminism is to Woman.
02-10-2020 08:58 AM
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It_is_my_time Offline
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Post: #4
RE: ESG is a fraud
(02-10-2020 08:58 AM)Leonard D Neubache Wrote:  Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

Yep, "woke capital", such as Gillette and their anti-male advertising for their male products, is possible because capitalism has reached its finally point...

a few elites own it all and anyone who challenges their authority will be squashed in the "open market".

Try to challenge them, build a better product for less money, and they can squash you in endless frivolous lawsuits and denial of capital (usury) to expand your business.

The question still remains. Can you have capitalism without usury? I don't believe you can. And if you can't have capitalism without usury then you cannot prevent this becoming the eventual end to it all.
02-10-2020 09:19 AM
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pitbullowner Offline
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Post: #5
RE: ESG is a fraud
(02-10-2020 09:19 AM)It_is_my_time Wrote:  
(02-10-2020 08:58 AM)Leonard D Neubache Wrote:  Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

Yep, "woke capital", such as Gillette and their anti-male advertising for their male products, is possible because capitalism has reached its finally point...

a few elites own it all and anyone who challenges their authority will be squashed in the "open market".

Try to challenge them, build a better product for less money, and they can squash you in endless frivolous lawsuits and denial of capital (usury) to expand your business.

The question still remains. Can you have capitalism without usury? I don't believe you can. And if you can't have capitalism without usury then you cannot prevent this becoming the eventual end to it all.



You thinking the Western financial collapse will be due to fat cat stock traders in America and their greed ?

What system would we go to replace fiat usury based capitalism. What about gold backed or silver backed usury based capitalism ?

Your actions speak louder than your words, son.
-My father, R.I.P.

My Twitter handle

(11-19-2019 11:07 PM)TigOlBitties Wrote:  The Joneses are all retards



(02-15-2020 12:26 AM)Leonard D Neubache Wrote:  The reality is that the only thing protecting the degenerates is the government. We talk about "law and order" but that's a trite concept when your government is Lawful-Evil rather than Lawful-Good in order to put it in a blunt albeit nerdy way.
(This post was last modified: 02-10-2020 09:24 AM by pitbullowner.)
02-10-2020 09:24 AM
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It_is_my_time Offline
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Post: #6
RE: ESG is a fraud
(02-10-2020 09:24 AM)pitbullowner Wrote:  
(02-10-2020 09:19 AM)It_is_my_time Wrote:  
(02-10-2020 08:58 AM)Leonard D Neubache Wrote:  Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

Yep, "woke capital", such as Gillette and their anti-male advertising for their male products, is possible because capitalism has reached its finally point...

a few elites own it all and anyone who challenges their authority will be squashed in the "open market".

Try to challenge them, build a better product for less money, and they can squash you in endless frivolous lawsuits and denial of capital (usury) to expand your business.

The question still remains. Can you have capitalism without usury? I don't believe you can. And if you can't have capitalism without usury then you cannot prevent this becoming the eventual end to it all.



You thinking the Western financial collapse will be due to fat cat stock traders in America and their greed ?

What system would we go to replace fiat usury based capitalism. What about gold backed or silver backed usury based capitalism ?

I personally think the system collapses when those in charge decide they no longer need the USA (they have infiltrated their next target) and decide to leave us high and dry. I don't know if that is soon or decades from now, but I think they can keep this circus going for a while if they desire.

I don't know the best system, I haven't done the research. I only recently realized capitalism alone is not the answer. If you have to "grow" your economy through usury, it will always end up in the mess we have now across the west. A hostile elite attacking the people to drain more of their resources.
02-10-2020 09:46 AM
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Paracelsus Offline
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Post: #7
RE: ESG is a fraud
Calm down, lads. Why are you getting upset about the fact Wall Street is now giving you a precise acronym and even a rating for how solid a prospect that stock is to be shorted?

This is get woke, go broke in another form; Wall Street stocks rarely if ever expressed the underlying truth of a company's profitability, but this sure gives you an indicator for which companies are results-oriented and which are process-oriented bureaucracies run by empty suits. This is basically creating a Morlock and Eloi distinction in stocks, the cute part being that when everything goes tits-up, the Morlock stocks are more likely to survive and remain profitable.

Remissas, discite, vivet.
God save us from people who mean well. -storm
02-10-2020 10:07 AM
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Leonard D Neubache Offline
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Post: #8
RE: ESG is a fraud
There are lots of kinds of capital.

People complaining about socialism don't understand that a vote is a form of capital.
People complaining about disorder don't understand that violence is a form of capital.

God demands of Man responsibility. God demands of Woman vulnerability. These are their curse and blessing alike. Libertianism is to Man as Feminism is to Woman.
02-10-2020 10:14 AM
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