Unfortunately, debating logic with the virtue signalers doesn't work. For them, the performance is the point.

What's frustrating is that they'll never just simply acknowledge it, despite all their actions revealing the truth.


SimpleStacker

I think the naive expectation is that it’s a reduction in demand for their shares. It seems reasonable on its face, until you consider the reservoir of risk neutral capital out there. 

Undisciplined

econ

Mixing Business With Investing Pleasure (WSJ, Jason Zweig)

denlillaapan

Yup! Precisely. 

I first looked at this more closely during some divestment campaign at uni. It never really made economic sense _why_ university endowments ought to divest from this or that disfavored sector/company. You ain't "stripping them of capital" or "hitting them where it hurts—their wallets!" 

You just shift the ownership profile