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BigDataBoy t1_iv2f9n8 wrote

Reply to comment by Mountain-Lecture-320 in [OC] ETFs are increasingly popular in recent years - what are the biggest players? by giteam

Think you need to watch this my guy:

Ben Felix explains ESG

If we undervalue companies you don’t like, someone else has a significantly higher expected return by investing in them. Thus, the marketplace is still efficient. Thematic etfs are just a way to make Wall Street richer by charging higher ER.

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Mountain-Lecture-320 t1_iv2i6pe wrote

He did not make the same assertions as you have. None of what he said is surprising to me nor contrary to my existing knowledge on the topic.

I recognize he points to an error in my "fossil fuel and defense free" statement, that it rarely/never is so cut and dry.

Being flatly unwilling to trade in blood money is a fundamental values-based approach that requires no economic justification.

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