4.8 • 1.3K Ratings
🗓️ 8 May 2024
⏱️ 61 minutes
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0:00.0 | Two things can be true at the same time. Your access to resources impacts the |
0:06.8 | quality of life that you're able to lead. And if you live in the US or a |
0:10.3 | similar country with a climbing cost of living and paper thin social safety net, you know that |
0:15.2 | saving for your own retirement or a down payment or the hospital bill when you give birth |
0:20.4 | is a mostly non-optional fact of life. |
0:24.0 | And you might recognize that our status quo feels unsustainable, |
0:29.0 | that our growth at all costs mentality carries with it quite a few costs. We're currently in the |
0:36.3 | planning phase of an episode that's gonna deal more explicitly with this |
0:39.4 | cognitive dissonance that is the realization that you personally need to accumulate wealth |
0:44.3 | while realizing that our current path for doing so often means funding the |
0:48.8 | projects of certain technocrats who are building bunkers with a lot of that money. |
0:54.0 | But in the meantime today, we are exploring a free market solution that appears on its face |
1:00.4 | to be the best of both worlds. The broad idea behind this style of investing |
1:07.0 | is a belief that you can generate |
1:12.0 | meaningful, measurable society. that you can generate meaningful measurable societal outcomes while also generating a healthy profit. |
1:24.0 | That was wealth manager Manisha Tocore in a |
1:27.0 | 2022 conversation with NPR about ethical investing or ESG. |
1:33.7 | The ES and G stand for environmental, social, and governance, |
1:38.0 | respectively, and the idea is relatively simple. |
1:41.6 | Investors who feel a little funny about investing in |
1:44.5 | weapons manufacturers and tobacco and factory farms can seek out funds that have |
1:49.7 | the ESG stamp of approval and sleep a little more peacefully at night knowing their money isn't fueling |
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