Strive's Path Forward: Excellence Capitalism
The Economist's Henry Tricks published a special report on ESG investing, calling it a "broken idea."
ESG investing emerged as a way for investors to do more with their money. In theory it would ensure their dollars contributed to environmentally and socially responsible organizations that would make for a more environmentally and socially responsible world.
Trick argues the idea of ESG investing is good. However, the reality is it's poorly monitored and ineffective for environmentalists and investors alike for a number of reasons. Criticizing its reliance upon something subjective like morality as confusing and its objective to appease all stakeholders as unimpactful.
The Economist makes the case that ESG investing is not the path forward. At Strive, we believe Excellence Capitalism is.
What is Excellence Capitalism? It is an alternative to stakeholder capitalism, that leads companies to maximize shareholder value by focusing exclusively on delivering excellent products and services.
No confusion, just one clear directive: be excellent.
Excellence coming soon. Stay tuned for our big announcement.
