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Jeremy Grantham's Market Meat-Grinder

What Goes Up

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ESG - Is There a Role for ESG?

There's been a big backlash against the notion of ESG investing through the lens of environmental, social, and governance issues. How do you think about it? Is there a role for investing to actually mitigate climate change if it's done properly? Or is it a marketing gimmick for Wall Street to extract higher fees to make people feel good about the way they're spending their investment money? All of our views, from my point of view, is that humans are not great at these things. We've been bred over millions of years, like every other organism, to be incredibly short-term and incredibly aggressive,. And anything that gets in my way gets trampled on.

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