This is an example of the damage the woke virus has done to the minds of many senior executives in corporate life. Read this press release with a straight face, if you can. I read the report so you don’t have to.
That such a piece could get released into the public domain and be called research is gob-smacking.
There are some inconvenient facts about this “research” method that should warrant the whole report binned as junior high school nonsense.
First, it was based on a self-selected response to a survey about DIE practices. That means the survey is biased; no conclusions can be drawn.
Second, the benchmark against which investment performance was measured was self-selected by each manager. That means apples are being compared against oranges.
Third, the method ignores differences in the starting point portfolios. To be consistent, each portfolio should have been identical at the start of the time period and differences observed from that point on. That they were not means apples are being compared against lemons.
This piece has shot to the early lead in my “Competition for the year’s Silliest Publication (Consulting Division)”.
One thought on “Research? Pull the other one”
Great comment. Love how they take a high response rate as a sign that managers are taking diversity seriously, rather than a sign that managers are effectively forced to respond to every survey they receive from the major asset consultants.
I’d love to see their comments on the benefits of Neurodiversity.
Your “Competition for the year’s Silliest Publication (Consulting Division)” must have hundreds of entries by now.