sin stocks, college endowment funds divesting fossil fuel investments
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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