NYU Stern School of Business Professor of Finance Aswath Damodaran | Spotlight | Code 2022
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- Опубликовано: 29 сен 2024
- NYU Stern School of Business Professor of Finance Aswath Damodaran presents at the 2022 Code Conference.
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He is soooooo underrated.... He is probably the best a this recode conference. Because he speaks truthfully!
Damodaran is fantastic. Thanks so much for this interview!
Brave to go against the ESG crowd, professor. We salute you for your illumination
Yes indeed brave! Not much to win but a lot to lose if he gets cancelled for this…
@@sucim The arguments are pretty valid though. But I believe the biggest contribution he is making from this is just pointing out the weakness of some of the current arguments for ESG. So, we see that there may also be greater danger in not listening and seeking to empirically test some of the arguments made. And from what I understood also, the 'outsourcing goodness issue' he raised relates more to institutional investing where the general ESG metrics may not be the best 'goodness measure' since investors may have different views about that in aggregate. So the concerns he raises seem reasonable to seriously consider, and hopefully they motivate more research and innovation in the field, given its socioeconomic importance.
So good! First time I'm hearing a well-rounded push back to ESG!
Big fan of Prof Damo.... Btw his deck template hasn't changed for years
ESG is just an evolution of CSR and companies will continue to game it.
More please! Would love to hear Prof Damo’s suggestions on how to move forward from the deplorable current implementation of ESG.
It's just so encouraging that a very visible personality in the financial scene is so comfortable in exposing a rigged game like this. Thanks professor, always valuable words.
Legend. He’s been proven right about this. ESG has gotten out of control
This quote really hit me:
“Some of the advocates believe they have the moral high ground. And because they think they have the moral high ground, they don’t want to debate.”
Spot on
ESG may be a game, but Finance is also a game. They are just to different ends.
The GOAT!
That's very hard on ESG & Environmentalist I guess :)
solid points
Excellent!
My favourite professor!
Can't believe its taken me so long to hear of this guy, just ordered his book !!!!
excellent speech
FANTASTIC!! Exactly the question i asked in my ESG class. But they told me about long term brand building which might or might not end up in cashflow or risk! Brilliant session!
Brilliant guy
"The road to hell is paved with good intentions."😈
Great information! Thank you.
The king 👑
Good one
This has been amazing. Thanks for sharing.
the federer of equities and reason
Awesome thank you!!!!
Love this guys thought process
Dr. PP I ❤ you
What a boss!
For sure the firms that make the most money, are the ones who can deliver on real needs in the most economic way. But increasingly, the needs of society are environmental. Tesla has succeeded to a significant extent based on the green tech aspect. Apple doesn't just succeed based on sexy phones- they emphasise privacy, and low wastage. The idea of ESG, despite some green-washing, will have tangible results over time- whether it be your house installation of solar panels, or governments building 15 min cities. Stock markets might mis-allocate money a bit due to ESG fluff for a while, but over time, money making companies will do well, and ESG window-dressing will mean nothing. Who cares actually if there is some ESG spin- it is just a sub-set of all sorts of talk.
1. don't pay too much attention on specific cases but focus on overall, across the board stats. If you are specific you can be biased. You will always be right on your examples while the whole picture doesn't follow.
2. Apple can consume less natural resources if they don't announce new iPhone models on annual basis.