Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Retirement Compounders®
  • Free Email Signup

Anti-Carbon Crusaders in Davos Talk ESG and OPM

January 25, 2023 By E.J. Smith

U.S. Secretary of State John Kerry sits with World Economic Forum Founder Klaus Schwab before the Secretary addressed attendees on January 22, 2016, at the WEF’s annual meeting in Davos, Switzerland. [State Department Photo/Public Domain]

Dear valued investor,

There was a time when you could buy an index mutual fund, set it, and forget it. That time is gone. When Jack Bogle founded Vanguard, he wasn’t thinking about politics. Hardly. He wasn’t envisioning an 800-pound gorilla like BlackRock using your money to vote your shares for its political agenda. Please. The mutual fund, in Bogle’s mind, was a low-cost, diversified (not exactly the case anymore in a lot of funds), tool for the individual investor. Now funds are acting like Super PAC influencers with a Great Reset agenda.

It would be one thing if the S&P 500 made money every year. In that case, maybe one could turn a blind eye. But losing a fifth of investors’ money in one calendar year turns that eye black and blue, and investors wonder, “What have you done for me lately? Why stick around?”

The anti-carbon crusaders gather in Davos at the WEF and talk about implementing an ESG agenda with OPM (other people’s money). Not cool. Is that how the “free” world is supposed to work?

Action Line: States pensions are opening their eyes to this madness and voting with their feet. There’s nothing like losing money to awaken a giant like BlackRock. But don’t hold your breath thinking they’ll change their ways. If you feel like you’re being taken advantage of, then look for greener pastures where you actually have a vote. Let’s talk.

P.S. Americans are voting with their feet, and their money.

  • California’s Wealth Tax Will Drive Out Remaining Rich Residents
  • Political Establishment Irate over Conservative Challenges to ESG
  • NYC Bleeding Revenue as Wealthiest Flee the City
  • ESG Money Managers Are Feeling the Heat
  • Hey, Where’d All the Moving Vans Go?

Originally posted on Your Survival Guy. 

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • The Anti-ESG Movement Has Begun
  • The Painful Truth for ESG Investors
  • Florida Dumps BlackRock in Fight Against ESG
  • Author
  • Recent Posts
E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith (see all)
  • Yes, Your Children Are Listening to You - February 8, 2023
  • You Aren’t Getting These Yields from Your Bank Account - February 7, 2023
  • What Your Survival Guy Invested in Today - February 6, 2023

Search Young Research

Most Popular

  • You Aren't Getting These Yields from Your Bank Account
  • What Your Survival Guy Invested in Today
  • Tom Brady Retires, Again. Should You?
  • Do You Trust This Rally?
  • Suddenly, Holding Cash Looks Good Again to Many
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • The Power of a Compound Interest Table
  • Real Estate "Power Buyers" Suffering Glut of Inventory
  • What Happens if the "Fed Put" Is Over for Good?

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • Big Hearted, Idealistic, Daring…
  • Yes, Your Children Are Listening to You
  • BEN CARSON: How Is Biden’s Speech Creating Unity?
  • Biden’s State of the Union Address Receives Rough Reception
  • Can a Capital Injection Save Bed Bath & Beyond?
  • You Aren’t Getting These Yields from Your Bank Account
  • Democrats’ Widening Schism
  • Jimmy Buffett Playing Key West
  • Whatever You Knew, Dave Hammer Knew More
  • Dragon Tours Open for Business

RSS The Latest at Yoursurvivalguy.com

  • Yes, Your Children Are Listening to You
  • You Aren’t Getting These Yields from Your Bank Account
  • Bidenflation Has Eaten Up Americans’ Pandemic Savings
  • Dragon Tours Open for Business
  • What Your Survival Guy Invested in Today
  • You Invest, They Win: FTX Edition
  • Your Retirement Life: Adventure Awaits
  • Zumwalt-Class Guided Missile Destroyers to Get Hypersonic Weapons
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Treasury Bonds Ready to Rock and Roll

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2023 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.