Anson Frericks

Walmart stock has doubled over that same time period. So I think it's very clear that you're starting to see this really diversion happen. Companies that are leading into controversial DEI, ESG agendas, they continue to shed customers, whereas ones that are kind of sticking up for their customers, just focused on providing great product and services, sticking to their mission.

Walmart stock has doubled over that same time period. So I think it's very clear that you're starting to see this really diversion happen. Companies that are leading into controversial DEI, ESG agendas, they continue to shed customers, whereas ones that are kind of sticking up for their customers, just focused on providing great product and services, sticking to their mission.

Those businesses are going to thrive, especially, I think, in the coming years. And I think those businesses are gonna add a ton of value to their share price. And then also I think they're gonna add a lot of value to just our broader sort of American environment.

Those businesses are going to thrive, especially, I think, in the coming years. And I think those businesses are gonna add a ton of value to their share price. And then also I think they're gonna add a lot of value to just our broader sort of American environment.

But the private sector and companies used to be an area where people could come together, whether you were black, white, gay, straight, Democrat, Republican, who cares, and just work on the mission of a company, be united around that.

But the private sector and companies used to be an area where people could come together, whether you were black, white, gay, straight, Democrat, Republican, who cares, and just work on the mission of a company, be united around that.

And then all of a sudden the workplace became a very fragmented environment over the last couple of years with companies taking very controversial stands on defund the police initiatives, on overturning election integrity laws, Roe v. Wade. And there was no reason for this. I think that further inflamed a lot of the division in this country. Some companies have learned their lesson.

And then all of a sudden the workplace became a very fragmented environment over the last couple of years with companies taking very controversial stands on defund the police initiatives, on overturning election integrity laws, Roe v. Wade. And there was no reason for this. I think that further inflamed a lot of the division in this country. Some companies have learned their lesson.

I think other companies have not. And that sort of message is, I think, still being written and will continue to be written over the next couple of years. And we'll see really some companies separate themselves and others continue to fall behind. based off who's going to get involved in political issues moving forward.

I think other companies have not. And that sort of message is, I think, still being written and will continue to be written over the next couple of years. And we'll see really some companies separate themselves and others continue to fall behind. based off who's going to get involved in political issues moving forward.

Yeah, there's a short story and a long story. So the short story is that the company really, they adopted really divisive ESG and DEI policies. Now, a lot of corporate America was doing this at the exact same time.

Yeah, there's a short story and a long story. So the short story is that the company really, they adopted really divisive ESG and DEI policies. Now, a lot of corporate America was doing this at the exact same time.

They adopted these policies because a lot of people that own Anheuser-Busch tend to be these large asset managers like BlackRock, State Street, Vanguard, that get a lot of their money from progressive institutions like the state of California, state of New York, European sovereign wealth funds.

They adopted these policies because a lot of people that own Anheuser-Busch tend to be these large asset managers like BlackRock, State Street, Vanguard, that get a lot of their money from progressive institutions like the state of California, state of New York, European sovereign wealth funds.

And there was a big push by these organizations, especially when Trump was first elected, and pulled out of global organizations like the Paris Climate Accord, UN Human Rights Coalition, World Health Organization, that all of these large progressive institutions said, if now Trump in government is not going to solve these so-called existential crises of climate change, of systemic racism, of police brutality, then all of a sudden we need corporations to do this.

And there was a big push by these organizations, especially when Trump was first elected, and pulled out of global organizations like the Paris Climate Accord, UN Human Rights Coalition, World Health Organization, that all of these large progressive institutions said, if now Trump in government is not going to solve these so-called existential crises of climate change, of systemic racism, of police brutality, then all of a sudden we need corporations to do this.

And for large, mostly progressive, New York and East Coast-based institutions like BlackRock, State Street, Vanguard, that managed $20 trillion worth of capital. Those were the ones that all of a sudden were the single largest shareholders in companies like Anheuser-Busch, Target, Disney. And they started telling these companies that we need you to start solving all these problems.

And for large, mostly progressive, New York and East Coast-based institutions like BlackRock, State Street, Vanguard, that managed $20 trillion worth of capital. Those were the ones that all of a sudden were the single largest shareholders in companies like Anheuser-Busch, Target, Disney. And they started telling these companies that we need you to start solving all these problems.

And the companies really, unfortunately, didn't have much of an opportunity to push back because these companies, they vote for shareholder proposals every single year at companies. They put companies in ESG index funds, which is our funds that you invest money into hoping that the companies are going to return return capital.

And the companies really, unfortunately, didn't have much of an opportunity to push back because these companies, they vote for shareholder proposals every single year at companies. They put companies in ESG index funds, which is our funds that you invest money into hoping that the companies are going to return return capital.