There's a growing conversation around shifting priorities in traditional finance. The push to remove politically-driven agendas from major financial institutions has gained momentum lately. Some argue that Wall Street should focus purely on returns and fiduciary responsibility rather than social messaging.
This debate touches on how asset managers, banks, and investment firms approach ESG criteria and corporate governance. Critics say certain initiatives have strayed too far from core financial principles. Supporters counter that long-term value creation includes considering broader stakeholder impacts.
The tension reflects a larger cultural moment. As regulatory winds shift and political landscapes evolve, financial institutions are recalibrating their public positions. Whether this represents a fundamental realignment or temporary adjustment remains to be seen. Either way, the conversation around capital allocation priorities isn't going away anytime soon.
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FallingLeaf
· 11-30 23:57
Those people on Wall Street are really like a reed in the wind, swaying whichever way the wind blows...
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Is ESG starting to shift the blame now? Laughable, it's been known for a long time that this thing doesn't hold water.
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To put it bluntly, it's all driven by interests, nothing new, just changing the guise to continue to play people for suckers.
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This speed of change is even faster than in the crypto world...
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Capital is forever loyal only to returns, everything else is just a façade, haha.
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There is fundamentally no such thing as "long-term value," it's all just an excuse to evade regulation.
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Let's see how they turn on each other in the end, it feels like this show is only halfway through.
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The credibility of TradFi has long been bankrupt, why still pretend?
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LiquidatedDreams
· 11-30 23:54
In plain terms, Wall Street wants to shed the burden of ESG and continue to play people for suckers, this matter is not over.
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OldLeekNewSickle
· 11-30 23:53
Ha, it's just the same old ESG trap. In plain terms, it's just a guise for the funds' shift.
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Wall Street makes money with its eyes closed, suddenly talking about values; isn't this the play people for suckers mechanism?
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As soon as the regulatory winds change, they immediately adjust their stance; the project party's rhetoric is quite skilled.
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Long-term value creation? Wake up, it's still a short-term chip distribution issue.
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Those who believed in ESG are suffering heavy losses; this time, who will catch a falling knife when returning to "financial principles"?
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When the wind changes, capital follows suit; rather than saying the ideology has changed, it's more like the start of another round of play people for suckers.
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Wait, will this round of adjustments reverse harvest the institutions that previously believed in ESG? Interesting.
There's a growing conversation around shifting priorities in traditional finance. The push to remove politically-driven agendas from major financial institutions has gained momentum lately. Some argue that Wall Street should focus purely on returns and fiduciary responsibility rather than social messaging.
This debate touches on how asset managers, banks, and investment firms approach ESG criteria and corporate governance. Critics say certain initiatives have strayed too far from core financial principles. Supporters counter that long-term value creation includes considering broader stakeholder impacts.
The tension reflects a larger cultural moment. As regulatory winds shift and political landscapes evolve, financial institutions are recalibrating their public positions. Whether this represents a fundamental realignment or temporary adjustment remains to be seen. Either way, the conversation around capital allocation priorities isn't going away anytime soon.