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Pragmatic Capitalism

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sin stocks, college endowment funds divesting fossil fuel investments

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One of the points you made in your post about “sin” stocks reminded me about the pressure on many colleges/universities to divest their endowment funds of investments in fossil fuel companies. I am certain that many of the student activists supporting this movement have no understanding of how secondary markets work. Exxon feels no pain when XYZ College sells at the Exxon stock in its endowment portfolio.

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Posted by Steve W (Questions: 20, Responses: 56)
Posted on 09/14/2017 1:36 PM
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It’s all virtue signalling. The Uni doesn’t want to appear immoral. Sure, they’ll own defense companies responsible for creating killing machines or they’ll own tobacco firms responsible for smoking related deaths or fast food joints that do nothing but pump out heart attacks. Heck, they’ll even own a firm like Tesla whose batteries are arguably more dangerous to the environment than petroleum. It’s all appearances to appease some sort of cultural norm.

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Cullen Roche Posted by Cullen Roche (Questions: 10, Responses: 1749)
Answered on 09/14/2017 1:44 PM
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