[SeekAndFind]

For those unfamiliar, ESG investing is a fad in the investing world.

The idea is that investors can choose to only invest in ethical companies. And as I noted earlier, this approach spans three different categories – environmental, social, and governance.

ESG investors intend to invest in socially “responsible” companies. And they want to avoid the “irresponsible” ones.

Question: How do we determine which company is socially “responsible”?

Are the oil and gas producers considered socially responsible? Are Defense companies? Or are only renewable energy and Electric Vehicle companies socially responsible? Who gets to decide?

[BenLurkin]

Sin stocks, baby.

Altria Group (NYSE: MO)
Anheuser-Busch InBev (NYSE: BUD)
British American Tobacco (NYSE: BTI)
Diageo (NYSE: DEO)

[pepsionice]

Back in the 1990s...under Clinton/Gore, there was some fiasco where some Mafia folks in Italy got into the ESG stuff early on, and ‘washed’ a ton of money before the audit people figured the whole scheme out.

If you ask me...with the options that now exist, it ought to be fairly easy to wash millions a month.