At the Money: Woke Investing vs. Values-Based Investing

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 28 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

There's been criticism of what some call “Woke Investing.” But “Value-based investing” is more politically agnostic than its critics realize. Used by Pro-life investors like the Catholic Church, it aligns capital with deeply held beliefs – be they left or right. In this episode, Barry Ritholtz speaks to Meir Statman, Professor of Finance at Santa Clara University. Statman is an award-winning expert on investor behavior and financial decision-making. His book “What Investors Really Want” has become a classic that explains what drives investors.

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0:59.4	There's been a lot of talk lately about socially responsible investing and ESG
1:06.4	what's been called Woke Wall Street in political circles.
1:10.6	But is it really woke to want your investment decisions to reflect your personal values, beliefs, and preferences?
1:18.0	We know investors seek expressive benefits from their portfolios. They want their money to reflect their values as well as their financial goals.
1:27.0	What I want you got, it might be hard to handle,
1:31.0	like a flame that burns I can't. I'm Barry Ritholz and on today's edition of At the Money, we are going to discuss values-based investing.
1:40.0	To help us unpack this and what it means for your portfolio, let's bring in Meyer Stapman, Professor of Finance at Santa Clara University.
1:50.0	He's an award-winning expert on investor behavior and financial decision-making.
	...

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