Böcker av Paul H. Tice

Over the past few years, sustainable investing—which is based on the theory that subjectiveenvironmental, social and governance or ESG factors should drive corporate policy and investmentdecisions—has swept across Wall Street, spurred on by the United Nations, sovereign governments andfinancial regulators and cheered on by academics, environmental activists, social justice warriors andthe media. To date, there has been little public resistance or analytical pushback as the ESG orthodoxyhas integrated itself into almost every corner of the financial markets. By 2030, the iron curtain ofsustainability will have fully descended across Wall Street. This book is meant to provide a detailedrebuttal to the case for sustainable investing from the perspective of a long-time Wall Street analyst andinvestor and latter-day finance professor. Sustainable investing is a scam because it is not aboutgenerating excess returns for investors or furthering ethical goals such as improving society or savingthe planet; rather, it is about controlling the world’s financial system and determining the allocation ofcapital and investment flows across the markets. It is liberal progressive politics masquerading asfinance whose objective is to create a compliant corporate sector that serves as both Greek chorus andfunding source for the environmental and social causes championed by government and the elite class.This book is designed to expose this truth in plain-spoken language—free of financial jargon—to reachthe widest possible audience, including the silent majority on Wall Street now afraid to speak up aboutESG.