Ah yes, this is a headline you wanna see.
Then again, it's Madam Tooth who has been reliably wrong about everything (except once) in recent years #1518682 #1421468, #987799
Sustainable investment is so over. A few years ago, banks and asset managers would not shut up about it. Everything came with an ESG label, touting the environmental, social and governance-related virtues of investment vehicles for an investing public keen to put their money to good use. But since the early 2020s, it has all gone suspiciously quiet.
Not suspicious at all. Real rates came back up, money was expensive; turns out the green revolution was JUST a low-interest rate phenomenon #1354641
I guess you can cope-point to a bunch of other stuff?
Trump 2.0 gets a lot of the blame for this, but we at the FT made an entire film about the decline and fall of ESG fully two years ago, before he returned to the White House. So it was not just politics — the ESG craze also collapsed under the weight of its own internal contradictions, its tendency to overpromise and then from the fact it had its butt kicked, first by the outperformance of non-green energy (thanks to Russia, 2022) and then AI.
Oh, definitely cope:
oh, dear retarded toothfairy...
Also, even the most dedicated climate change flat-earther struggles to dispute that in Europe right now, it’s quite hot. We should maybe do something about it? Any investor who is not thinking about where this is all heading and how it might affect their strategy in the coming years is doing it wrong.
Mixing business with pleasure, or in this case investments with faux-charity, was _never_ a good idea. And also, get off that green bandwagon, missy; it's over. Done.
archive: https://archive.md/Fba6M
They make films?
Yeeeeea!! Documentaries, basically. Look up the saylor one with madam tooth...it's crazy
There’s a pretty obvious thing that Europe can do about the heat and it’s not changing the temperature of the entire planet.
Hopefully the world cup tourists will bring back some of that forbidden knowledge and technology
hater. denier
I think there is also a bit of a feeling in the ESG circles that it's "bad" to profit from such investments -- or at least it's bad to profit from them very much. However, such investments do not carry less risk simply because they are pursued for ESG reasons.
I imagine that there simply aren't piles of people who want to risk their money for low returns.
Every investment trend eventually has to stand on its own economics. If a strategy only works when money is cheap or incentives are generous, it's worth asking how durable it really is.
Feels like the conversation has shifted from marketing to fundamentals. That's probably healthier, regardless of where someone stands on ESG.
Interesting article. Whether ESG is dead or simply evolving, investors are clearly becoming more focused on measurable returns than broad labels.
I think the biggest lesson is that markets eventually separate good ideas from good branding. The two aren't always the same thing.