Another substance-free op-ed in the Wall Street Journal fails to make clear that one of the co-authors runs an explicitly anti-ESG fund. While it acknowledges that Yale Professor Jed Rubenfeld is an advisor to Strive Asset Management, it does not make clear that the fund’s entire brand is being a contrarian on ESG, even to…
Tag: Wall Street journal
WSJ Series Argues That The “Sustainable Investment Craze Is Flawed”
A new series in the Wall Street Journal by James Mackintosh argues that ESG investing is not effective, calling it a “craze.” We note that investing based on a view about “inevitable” retreat from fossil fuels, based on predictions about consumer and regulatory shifts, is not political, especially as Mackintosh concedes that investors base their…
More Slippery Fallacies from the Hypocritical WSJ Editorial Board: Proxy Voting Edition
The Wall Street Journal’s editorial board is often described as “ultra-right.” If only that were true. Instead, they are “ultra-CEO entrenching.” While they claim to support robust free markets, when it comes time for actual market tests, they always cry out for protection from big, scary providers of capital, even the massive financial institutions they…
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