Wall Street Hero starts Anti-ESG Fund: investing in companies that are bad for the environment

[Anonymous No.17118973]

Wall Street – A local Wall Street Hero announced today that he is planning to launch a fund that is “Anti-ESG”. ESG stands for Environmental, Social and Governance. The Wall Street Hero is essentially only going to invest in companies that are “bad” for the environment, have horrible social standings and have horrendous corporate governance practices.

“We are calling our fund Oily Turtles,” said the Wall Street Hero. “It’s essentially a play on words. Our firm is basically 50% levered to the offshore oil industry. To be Anti-ESG, we are looking for companies that are deliberately going to dump oil on sea turtles.”

The Wall Street Hero has already identified hundreds of companies that will fit the firms Anti-ESG strategy. One company Oily Turtles recently took a major position in is a diamond mine in the African continent.

“The diamond mine is a perfect example of our Anti-ESG strategy. The mine utilizes young children to get diamonds and pays them scraps of food every night. The gross margins on this mine are unbelievable.”

https://thestonkmarket.com/2020/02/06/wall-street-hero-starts-anti-esg-fund-investing-in-companies-that-are-bad-for-the-environment/

[Anonymous No.17118978]

Here is a list of a few things Oily Turtles looks for in potential investments:

Board of directors must make at least 10x the pay of the lowest hourly employee
Board of directors must only constitute of old balding white men (no women or minorities)
Fossil fuels – Oily Turtles love the oil and coal industries
Glassdoor reviews must be horrible – pay must suck, zero benefits, turnover high, no sexual harassment prevention, zero diversity, no higher purpose or mission outside of profits, zero public stance on social justice issues, etc.
Unethical supply chain sourcing, i.e. no conflict-free materials – huge benefit if materials and supplies are sourced from children in foreign countries
Anti-climate change – extra points if the CEO bashes Greta Thunberg on Twitter
Goals of producing as much greenhouse gas emissions as possible
Executives who have a history of sabotaging green and renewable energy projects
Multiple classes of stock – super voting shares
Chairman and CEO are same position
Horrible relationship with the U.S. Securities and Exchange Commission (“SEC”)

[Anonymous No.17119844]

>>17118973
HOW DARE YOU

[Anonymous No.17119992]

>>17118973
I assume this is a joke, but i honestly have thought about investing in "morally wrong" companies are a better investment than "good" companies.
Some of the largest investors on the market is pensions funds, almost all of them have implemented various "moral investments", they don't invest in arms manufactors, they don't invest in fossil fuel extraction, the list goes on..
So my thinking were that "good" companies have overvalued stocks and bad companies have undervalued stocks.

[Anonymous No.17120264]

>>17119992
Agree

[Anonymous No.17120407]

>>17118973
Lol I already knew the stock market is out of control but when stuff like this comes out and you know that company will likely be profitable it should be obvious to the normies that the market is pumped hard.