This short observation today isn't focused on Blackrock, or even the multi-trillion-dollar hedge fund's robot, Aladdin.
NopeâŚ
This bulletin is more a reminder⌠about what Blackrockâs CEO, Larry Fink, has been spearheading in corporate boardrooms across America and Europe.
Namely, the ideas that âgreenâ and âsocially conscious" altruism and social justice practices shall always take precedent over company growth, performance and financials.
To elaborate...
Last fall, famed âsharkâ Kevin O' Leary (aka Mr. Wonderful) admitted that his fellow asset managers, across the world-at-large, have an ESG committee of some kind.
These institutional investors couldn't care less if a cutting-edge company just found, for instance, the cure for cancer. All they care to know is, âIs that company using excessive fossil fuels in their operation?â
If the answer is YES (it will be if the committee donât like the people involved), then this particular company wouldnât get a penny from these investment houses.
ESG, the acronym, sure is catchy and cute and all. Okay, well, righteous is more like it.
But, as you'll hear by clicking on the hyperlink in the first bullet below, it's more like a subversive way to control companies from the inside-out, squash free markets, and ultimately re-engineer capitalism as we know it.
3 additions to existing bulletinsâŚ
In ref to the bestselling author of Woke, Inc, I added a Bonus interview to my post about Vivek. Hear his take on the above so-called global âemergency,â climate religion, and the Green Apostles.
Available to Pro subscribers only, I just added a Bonus Cards section below my How To Create Your Own âBitcoin Bankingâ Operation screencast video.
âAdam,â from ElevenLabs, reads a .55 second excerpt from The Ultimate Success Secret.
Enjoy⌠and do let me know if you have questions or comments.