11: Harvard’s Divestment Announcement, Ethical Investing, & Spock Ears
Description
In this episode, Dan and Sade discuss divestment, investing ethically, and Dan’s beloved Spock ears. Focusing on Harvard’s divestment announcement, the pair talk about what socially responsible investing (SRI) looks like, is it even possible to invest ethically, and if people on Wall Street really care.
**Correction: Sade says something that alludes to the fact that Goldman Sachs guarantees returns with ESG funds; this is not correct. The primary ESG fund used by their team is meant to still track the S&P and thus give similar returns to the entire market.
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Resources:
After years of urging, Harvard reaches a divestment moment (Boston Globe): https://www.bostonglobe.com/2021/09/15/opinion/after-years-urging-harvard-reaches-divestment-moment/
Harvard Will Move to Divest its Endowment from Fossil Fuels (The Harvard Crimson): https://www.thecrimson.com/article/2021/9/10/divest-declares-victory/
Profiting off of Prison Labor (Business Review at Berkeley): https://businessreview.berkeley.edu/profiting-off-of-prison-labor/
Activists Disrupt Harvard-Yale Rivalry Game To Protest Climate Change (NPR): https://www.npr.org/2019/11/24/782427425/activists-disrupt-harvard-yale-rivalry-game-to-protest-climate-change
David Swensen, Who Revolutionized Endowment Investing, Dies at 67 (NY Times): https://www.nytimes.com/2021/05/06/business/david-swensen-dead.html?.?mc=aud_dev&ad-keywords=auddevgate&gclid=CjwKCAjw-ZCKBhBkEiwAM4qfF7snDDSwUR1jwqEbudewucoQcy4HHHUT4UppOKGPjmgbFbi6RfKQPxoCOf8QAvD_BwE&gclsrc=aw.ds