So...read Barron's this morning...there was a snippet from a fund mgr from one of the Parnassus funds...he was referring to when elminating gambling, carbon energy, defense companies, blah, blah, leaves him with a smaller subset of companies in which to invest in...then speaks to Discover card stonk passing his "ESG screen" due to diversity, valuation, blah, blah.
First thing I think of is... you gotta be sheeting me. Credit card companies have got to be one of the least socially responsible and most racist organizations on the planet. Loan sharks. Pay you out 0.40% American Express savings and charging you what 13-22% interest on their "loans". And I haven't looked it up but I would venture to guess, in general, minorities pay way higher rates than white folks do, no (is that a fair assumption, can we be real with each other?) So they oppress folks of color and handicap (bury them in relentless debt load) them with their never ending daily compounding interest with their loan shark line credit card loans and this fund mgr is spouting his ESG drivel...screw that...are these folks for real?!?