Socially Responsible Investing: Can the Ratings Be Trusted?

Globally, $3 trillion in institutional assets (perhaps more) are tracking ESG scores — numbers that purport to distill and quantize companies’ performance against environmental, social, and governance standards.  We reported to you back in November about interesting research showing better stock performance by companies with higher gender diversity among their Read more…

July 31, 2015

Herded Into Disaster: Yield Chasing, Liquidity, and ETFs In 2002, addressing Nobel Prize-winning economist Milton Friedman on his 90th birthday, former Fed chair Ben Bernanke acknowledged the role of the Federal Reserve in worsening the financial crisis of the Great Depression rather than helping it. He said, “You’re right, we Read more…