A community of individualists is no kind of community at all.
Markets are made up of people. ESG investing — it stands for “environmental, social, and governance” — is a capitalist product, borne of the demand that firms do more than be profitable. It exists becauseESG isn’t really a new concept. While there are some investors that just want to make money, there are others who care about how that affects the people around them. The prime example is tobacco companies, which sell an addictive product that can and does kill people.
In, Warren Buffett extolled the virtues of investing in cigarette companies: “It costs a penny to make. Sell it for a dollar. It’s addictive. And there’s fantastic brand loyalty.” If you don’t care about cancer deaths, this is a pretty good formula for investing.care about these things. Most investors are not actually sociopaths; some of the biggest investors are handling pension and retirement funds for ordinary people.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Easy Loans, Great Service: Why Silicon Valley Loved Silicon Valley BankSilicon Valley Bank used financial sweeteners to attract clients, powering growth for decades—leaving the sector vulnerable when the bank collapsed
Read more »
Report: Shanghai Bank Mulls Buying Silicon Valley Bank's Stake in Chinese Subsidiary – Featured Bitcoin NewsBritish authorities have lauded HSBC's acquisition of the UK subsidiary of SVB for £1 ($1.22), which supposedly protects depositors without using taxpayers’ money. hsbc
Read more »
Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoilBank stocks in the U.S. and Europe are tumbling as the global financial system continues to reckon with the Silicon Valley Bank collapse—the largest bank failure since 2008.
Read more »
Opinion | After Silicon Valley Bank, scrap the bank deposit insurance limitThe time has come for Congress to scrap the $250,000 cap on deposit insurance coverage and charge banks more for operating a government-backed deposit business.
Read more »
Why Did Silicon Valley Bank and Signature Bank Fail So Fast?A professor of economics explains why the country's banking crisis isn’t over yet.
Read more »
Silicon Valley Bank collapse triggers alarms among Greater Cleveland startups with millions in the California bank“(The narrative is) this is a rich people, Silicon Valley issue, which is not the case,” JumpStart Ventures managing partner Hardik Desai said. “This affects hundreds of thousands of people in multiple ways across the country.”
Read more »