The hottest ESG Investing Substack posts right now

Some American states oppose ESG investing in public pension funds.
New Hampshire introduced a bill to make ESG investing a felony.
New Hampshire Retirement System faces financial challenges due to historical funding issues, not ESG investments.

Luck can sometimes prevent a disaster, like in a near miss incident.
Second-order risks, not immediately priced, can lead to catastrophic consequences.
ESG helps in evaluating and pricing risks like environmental compliance and social issues, offering investing insights.

Random global portfolios need hundreds of stocks (often 250–750) to meaningfully diversify stock-specific risk and narrow return outcomes, because a few big winners drive returns while many stocks fail.
ESG-weighted portfolios converge even more slowly, so applying ESG selection typically increases the number of holdings required to stabilize volatility and returns.
Concentrated portfolios still make sense for genuinely skilled active managers because concentration amplifies and reveals skill quickly; if managers are effectively random, broad indexing or very large portfolios are the better choice.

Vanguard, the world's second-largest asset management firm, with $8 trillion AUM, has withdrawn from ESG, which is a significant move.
There are signs of people waking up and pushing back against social engineering, like the ESG framework, showing a recalibration in public perception.
Major financial institutions, like Vanguard and JPMorgan Chase, distancing themselves from ESG indicates cracks in the system and growing public awareness, potentially due to popular sentiment.

ESG investing is becoming more popular among retail investors, especially in Europe.
Wealthier investors are more likely to allocate funds to green stocks compared to brown stocks.
There may be a link between higher education, wealth, and investing in green stocks.

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