Proxy Advisory Firms And The ESG Risk
Warren Buffett presciently noted that “only when the tide goes out do you discover who’s been swimming naked.” The Dow, S&P 500, and Nasdaq are all now in bear market territory, so the tide has undoubtedly receded. And true to Mr. Buffett’s wisdom, the unsustainability of many fashionable investment trends during the long bull market are at long last being revealed. The Environmental, Social, and Governance (ESG) trend tops the list.
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