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Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson as they talk about with their reading, writing, and watching.

Michael Batnik and Ben Carlson work for Ritholds Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholds Wealth Management.

This podcast is for informational purposes only and should not be relied upon for investment

decisions. Clients of Ritholds Wealth Management may maintain positions in the securities

discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.

Michael in a recent episode we talked about ESG, the fact that it's starting to move markets in

terms of fund flows and people wanting to invest based on their values.

There was a recent article in the Chief Invest in Officer about how the New York

pension plan is now going to invest, let's say, $2 billion into the Russell 1000 TPI climate

transition index. And finance professionals will argue about the efficacy of ESG and whether

it can really make a difference. And I think that's a discussion for another time,

but regardless of why it's happening, I think you're going to see a lot of these, especially

institutions where they have big time stakeholders and people who can kind of press the leadership

to do something. I think that's this is going to continue to happen where you're going to see

these big funds make this move. The argument about not really making change because these are

...