Your Survival Guy has been talking about the dangers of ESG to investors for years now, and slowly investors and politicians have been catching on. In Florida, Louisiana, Texas, West Virginia, and more, politicians are fighting back against ESG. But it's not only elected officials who are tired of ESG; it's corporate board members too. But the most powerful constituency of all pushing back against ESG are the shareholders themselves. Axios's Emily Peck explains the number of anti-ESG shareholder proposals is rising rapidly. Companies don't want to talk about their environmental, social and … [Read more...]

You’re not supposed to talk about religion or politics in the investment business. Your Survival Guy broke that rule on day one. I’ve always felt it’s important to know who you’re dealing with. The big firms try to play it right down the middle. They try to please everyone and no one at the same time. They don’t talk politics. Until now. And not on purpose. Let me explain. When the mutual fund industry rode index fees down to zero, they became victims of their own success. Suddenly, they needed a new way to skin the cat. Imagine the conference room discussions. “Bob, we need to get … [Read more...]

You have been reading for years here on YourSurvivalGuy.com about the dangers of ESG investing. Here's a small sample of what Your Survival Guy has been telling you about ESG investing and its proponents: You Invest, They Win: ESG Is a Money Grab The Woke ESG Investing Money Grab is Falling Apart Your Survival Guy Never Buys ESG Funds Ever EXPOSED: ESG’s Biggest Con Explained Is Your Financial Advisor Hiding the Truth About ESG? ELON MUSK: “ESG Is the Devil” ESG, Richard Young, Jack Bogle, and You ESG Money Managers Are Feeling the Heat ESG Is Another Way to Attack … [Read more...]

You know that markets need a dose of reality when it comes to ESG investing. But was Silicon Valley Bank brought down by ESG? That's the question Kimberley Strassel asks in The Wall Street Journal. She writes: While the main reason SVB failed was its decision to buy bonds at the top of the market (it got hit when it had to sell), it had also in the past few years further stretched itself by sizably increasing its loans and lines of credit to subprime firms. How much of that would have happened if not for the Biden pot of gold at the end of the green-tech rainbow? A Washington Post story … [Read more...]

Florida's governor, Ron DeSantis, has taken to the pages of The Wall Street Journal's editorial section to explain why he fought back against Disney's corporate activism by stripping the company of its special treatment under the law. He writes: On Monday, I signed the law ending the Walt Disney Co.’s self-governing status over 43 square miles in central Florida, an area almost as big as Miami. Disney no longer has its own government. It has to live under the same laws as Universal Studios, SeaWorld and every other company in our state and is still on the hook for the old district’s … [Read more...]

Florida Governor Ron DeSantis has warned fund companies that ESG investing is "dead on arrival" in Florida. Watch the governor explain Florida's position on ESG: ESG is a threat to the American economy and the individual freedoms that our country is built upon. It is dead on arrival in Florida. pic.twitter.com/ZqrdklbUvW — Ron DeSantis (@GovRonDeSantis) February 13, 2023 You know Your Survival Guy wants you to avoid ESG, and to avoid governors and financial professionals who would use your money to pursue their political aims. Read more about ESG here: Anti-Carbon Crusaders in … [Read more...]