TFTC: A Bitcoin Podcast #561: The American Renaissance with Matt Cole
5 snips
Dec 4, 2024 Marty sits down with Matt Cole, a leading figure at Strive, known for integrating Bitcoin into institutional portfolios, previously with CalPERS. They tackle the challenges of ESG investing and the misguided metrics that hinder progress. Matt emphasizes the need for pensions to adopt Bitcoin to combat underfunding risks. They also discuss the shifting economic landscape and the positive future for Bitcoin in America. Expect insights on how adopting Bitcoin can revolutionize financial strategies for institutions and reshape investment mindsets!
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ESG's True Goal
- ESG funds have performed poorly, but their goal wasn't returns.
- Their aim was to influence corporate America by integrating political pressures.
Southwest Airlines ESG Bonus
- Despite Southwest Airlines' operational failures and grounding planes in 2022, the CEO received a bonus.
- This highlights how ESG metrics can be manipulated, rewarding CEOs even for poor performance.
Boeing's Decline
- Boeing's decline is attributed to DEI initiatives and an overemphasis on stock price by the managerial class.
- They prioritized stock buybacks over reinvesting in research and development.