Let’s Unravel ESG Investing (with Larry Swedroe)
The Stacking Benjamins Show
00:00
Why You Should Expect Lower Returns for Experiencing Your Values
Tobacco and alcohol have been the two strongest performing sectors of the market or industries. And it's because of these tastes and risk base preferences, he says. The cash flow is driving the valuations up so high that it's overcoming that expected return difference,. Even in some cases, as you noted out, performance of green stock depending on academic papers written the last several years.
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