Last week, I explained why the oft-cited criticism that “ESG investing is investing with additional constraints and must thus lead to sub-optimal outcomes” is a red herring.
This is a great read. Well, I am biased because I thought similarly. However, there is one piece of ESG that I thought can be profitable (if my ear is on the ground) - shorting companies like Uber at the time the scandal was percolating and then re-enter as a value play later. In the same vein, I should have shorted ATVI (Activision) last week! :-)
This is a great read. Well, I am biased because I thought similarly. However, there is one piece of ESG that I thought can be profitable (if my ear is on the ground) - shorting companies like Uber at the time the scandal was percolating and then re-enter as a value play later. In the same vein, I should have shorted ATVI (Activision) last week! :-)