Listened to the latest podcast today (#33) on my way to work, Questions from Med Students. Was interested to hear what WCI would say about the med student question regarding socially responsible investing. Totally agree with WCI assessment/advice. I've been following the CA public employment pension retirement system and their "socially responsible investing" has been a disaster (so far) for CalPERS.
"Now the California Public Employees’ Retirement System is considering ending its 15-year-old ban on tobacco company investments after a consultant said the ban has cost the pension fund roughly $3 billion in lost profits."
https://economics21.org/html/theres-nothing-socially-responsible-about-low-pension-returns-1972.html
CalPERS initiated the policy back a few years back, it will be interesting to see how it pans out.
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