Anson Frericks
👤 PersonAppearances Over Time
Podcast Appearances
environmental social governments in 2018, 2019, all of a sudden they started a scoring system. You know, it's almost like a social credit system you'd have in China or somewhere else, scoring companies on how little carbon that they use, or scoring companies on, do they do gender affirmation care for their employees?
environmental social governments in 2018, 2019, all of a sudden they started a scoring system. You know, it's almost like a social credit system you'd have in China or somewhere else, scoring companies on how little carbon that they use, or scoring companies on, do they do gender affirmation care for their employees?
And these scores were used to essentially pick and choose companies that could be included in indices that Larry Fink and BlackRock and others, they could charge investors three to four times the amount of money for these ESG funds versus the regular funds. And the funny thing was these ESG funds underperformed. They're broad-based counterparts.
And these scores were used to essentially pick and choose companies that could be included in indices that Larry Fink and BlackRock and others, they could charge investors three to four times the amount of money for these ESG funds versus the regular funds. And the funny thing was these ESG funds underperformed. They're broad-based counterparts.
And these scores were used to essentially pick and choose companies that could be included in indices that Larry Fink and BlackRock and others, they could charge investors three to four times the amount of money for these ESG funds versus the regular funds. And the funny thing was these ESG funds underperformed. They're broad-based counterparts.
So you ended up with less money, but you were charged more for doing it, which is crazy.
So you ended up with less money, but you were charged more for doing it, which is crazy.
So you ended up with less money, but you were charged more for doing it, which is crazy.
I mean, there might have been one or two people there. But no, I mean, I don't really think. I think this was all just sort of a money grab and a feel good and being able to go to the right parties in New York City. That's the way it seems to me, but, you know. I mean, it really is because it just doesn't pass any of the first principle test whatsoever. And, you know, it's funny.
I mean, there might have been one or two people there. But no, I mean, I don't really think. I think this was all just sort of a money grab and a feel good and being able to go to the right parties in New York City. That's the way it seems to me, but, you know. I mean, it really is because it just doesn't pass any of the first principle test whatsoever. And, you know, it's funny.
I mean, there might have been one or two people there. But no, I mean, I don't really think. I think this was all just sort of a money grab and a feel good and being able to go to the right parties in New York City. That's the way it seems to me, but, you know. I mean, it really is because it just doesn't pass any of the first principle test whatsoever. And, you know, it's funny.
The companies that were the worst, I mean, this tended to be more of a New York City, you know, kind of ideology. Also a European ideology as well. I mean, there is some sincerity to it. I mean, this is funny. You'll appreciate this because I think the...
The companies that were the worst, I mean, this tended to be more of a New York City, you know, kind of ideology. Also a European ideology as well. I mean, there is some sincerity to it. I mean, this is funny. You'll appreciate this because I think the...
The companies that were the worst, I mean, this tended to be more of a New York City, you know, kind of ideology. Also a European ideology as well. I mean, there is some sincerity to it. I mean, this is funny. You'll appreciate this because I think the...
Where we're going with all of this, because you've seen obviously retreat with a lot of companies have backed away from DEI over the last couple of months. There's other companies that are holding on to some vestige of it, but there's others that are really all in on diversity and inclusion. To this day. You're going to love this.
Where we're going with all of this, because you've seen obviously retreat with a lot of companies have backed away from DEI over the last couple of months. There's other companies that are holding on to some vestige of it, but there's others that are really all in on diversity and inclusion. To this day. You're going to love this.
Where we're going with all of this, because you've seen obviously retreat with a lot of companies have backed away from DEI over the last couple of months. There's other companies that are holding on to some vestige of it, but there's others that are really all in on diversity and inclusion. To this day. You're going to love this.
And the worst of the Europeans, because they really, I think, believe in this sort of European stakeholder capitalist model. So you have, I'll give you a plug for Alp right now. So if you talk about one of the worst companies that's out there- Which is America's greatest nicotine pouch.
And the worst of the Europeans, because they really, I think, believe in this sort of European stakeholder capitalist model. So you have, I'll give you a plug for Alp right now. So if you talk about one of the worst companies that's out there- Which is America's greatest nicotine pouch.
And the worst of the Europeans, because they really, I think, believe in this sort of European stakeholder capitalist model. So you have, I'll give you a plug for Alp right now. So if you talk about one of the worst companies that's out there- Which is America's greatest nicotine pouch.