It’s hard to keep up, sometimes. A decade or so ago, it was hard to keep up with the new paradigm, the “this time it’s different” mantra that to most sensible people reignited painful memories of the previous time it was different.
Continue readingESG
How not to win clients or influence people
If you were a top executive of the world’s largest asset manager and a client withdrew US$8.5b from your management would you:
a) Be disappointed and then talk privately to the ex client about their rationale, or
b) Issue a public letter to the ex client condemning their actions as putting short term politics over fiduciary obligations and urging them to reconsider their decision?
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Wall Street
The Wall Street traders have been reading my blog.
Blackrock SEC filing discloses knowledge of ESG risk
Blackrock has lodged its 2023 annual report with the US securities exchange this week. It contains an interesting disclosure.
Continue readingGrift or Satire?
My mind is unclear on this point. Grift means to obtain money illicitly. Satire is to expose foolishness using irony or humour. PLOS One has published a paper that is one or the other, but I genuinely can’t tell which.
Continue readingEthically Unconscious
What is an Ethically Conscious Global Aggregate Bond Index Fund (Hedged)?
Continue readingLarry Fink confuses me
Larry Fink, founder of Blackrock investment behemoth, is confusing me.
Continue readingSustainability goals miss the number 1 goal of sustainability
Readers will be aware of the banking crisis playing out in front of our eyes. Let’s take a moment to look at just two demises: Silicon Valley Bank and Credit Suisse, both effectively nationalised in Government emergency actions this month.
Continue readingResearch? Pull the other one
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.
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Australian Actuary 