Here’s an interesting challenge for you investors: will my portfolio perform better than yours? Globalance Bank Ltd. created an investment portfolio for me that’s fully aligned with the #ParisAgreement with 12.43% in returns in November-December. https://lnkd.in/d4qKp3V
A great initiative indeed. BUT: ESG in investing may well have social benefits - higher (risk-adjusted) returns for investors is not among them. Nevertheless, investors preferences for companies with high ESG ratings can lead to lower costs of equity capital that encourage investment in green technologies. Higher returns may occur temporarily, but not in a financial equilibrium. Too bad that this post by Bertrand Piccard does not take a more sophisticated view on the topic, respecting the most recent academic research on the topic by, e.g., Nobel Laureate Bob Engle, or Abraham Lioui. And another problem not mentioned is the ambiguity and inconsistency among ESG ratings. An interesting high-level summary of the current state on ESG is given here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3683390
I entered the stock market in 2019 scandalized by the FUD news being spread by short sellers and companies seeking to slow the transition to renewable energies. We need to transition very fast. As it is the only shares I hold, I've done better than 13%.
Bertrand Piccard fait partie de CEUX QUI FONT, capables d'ouvrir nos champs de vision vers ce qu'il est économiquement possible de faire positivement, pour construire le monde demain. Il suffit qu'on accepte de ne pas resté accroché à des certitudes, convictions qui ont toutes été très utiles... avant ! Merci pour la rigueur de ses démonstration 😁 j'encourage tout le monde à suivre les réalisations #Solarimpulse, #urbancopee, Hubert Michaudet, Elodie Grimoin
Intéressant, je passe le message à mes voisins.
Nice challenge, I am eager to see the results 😀
Hello I successfully completed a prototype facility that converts plastic waste to liquid fuel ie Diesel and Petrol. I am currently seeking investors to upscale and commercialize the project in Ghana and across the West African Sub Region. This does not only seek to create jobs but to provide cleaner, cheaper and high quality fuel with emphasis on cleaning the environment. I also consult for investors wishing to do business within the Downstream Oil and Gas Sector in Ghana. Let's talk. Cheers
Serious? You're talking about a two month's performance? Let's check again in 1, 3, 5 years from now. In 2020 many portfolios reached exceptional performance. Having said this, the graphics look great.
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2ywell done