ESG investment frameworks function as a vehicle for asset managers to exercise power that should not be theirs.

“I found it strive to challenge the way Black Rock and the ESG promoting asset managers were functioning”

The ESG investment movement is a failed, misguided project that does not achieve its purported environmental or social goals and results in poor financial performance.

“my criticism of ESG as an investment movement is not that it shouldn't be trying to solve the problems of our times but that it hasn't it's done exactly the opposite of what needs to be done”

ESG strategies are based on a faulty a priori ethical framework that undermines investment wisdom and fails to outperform the market.

“Anan's notion was predicated on the idea that there was a way of imposing an a Priory ethical framework on the problem of investment that would produce Investments that would somehow do better which strikes me as highly improbable”

ESG initiatives are being used to force radical leftist social and environmental agendas onto the American economy, subverting investor interests and corporate fiduciary duties.

“it's about wanting to crush anyone who doesn't do that you see if because if you don't crush them then they will beat you in the competitive race because they understand that what they're doing is is is not going to make them competitive in the free Marketplace of ideas”

ESG and DEI initiatives are often used by large asset managers and global organizations to exert political pressure on corporations in a way that ignores shareholder interests.

“We had large asset managers, BlackRock, State Street, Vanguard, they sort of adopted it, started pushing on corporations, put people's money into ESG and DEI funds that they charge three to four times the amount of money on versus regular funds.”

Impact investing is highly applicable to private markets because the control investors have over company operations allows for better alignment and measurement of social or environmental goals.

“if you actually own the company, hopefully you're well aligned with the management and you can do what you think is best to to provide both financial as well as environmental or social returns.”