Best professor, in knowledge and in conscience!

Great to see a pragmatic vision of ESG (vs. an imposed fallacious poetic idea). Thnx Prof. Damodaran!

I started seeing this term ESG and got curious, saw a few youtube Videos and this thing began to sound good to me, and then the KZfaq algorithm had the wisdom to send me to this video and set me straight! Thank you Professor Damodaran.

I was listening to an interview video of someone from Blackrock talking about ESG from the perspective of operation at Stanford business school. There are elements in ESG that are hard to quantify, since it covers a wide range of measures. However, it is a good thing that people put those non-quantifiable but important elements into consideration. Not very key thing can be defined clearly in theory. Can you quantify love? or responsibility for different industries or companies? For example, everyone has different idea about what a social responsibility is? How can you theorize that? I myself am an entrepreneur in the higher education realm, and it is part of my job to deal with academics. When I saw the title of this video, I knew that it must be an academic who would think this way. It is easier for them to talk than to solve problems. They have little sense of what it is like to be on the spot and make things happen, but they do care very much about how to theorise things on paper, not knowing that a reference does not have to be absolute or definable to help make a decision. It is highly likely that academics have very blur sense of what decision making is, because they do not have to make many decisions.

Such a wonderful interaction. Would like to hear more from Mr. Damodaran.

These are powerful words, backed by knowledge and facts. He clearly showed the absurdity and destruction coming from ESG. Well done! We need a lot more!!!

I rather enjoyed this; it was like a breath of fresh air. Well done. An inspiring fellow.

Someone we’ll worth listening to for a very different perspective, critical analysis that has a lot of ring of truth.

Thank god. Someone speaking some real sense. Fantastic.

He’s on the money when calling out this ESG b/s.

That's thug life damodaran😎

This is the beginning of the change

Aswath Damodaran Best professor, in knowledge and in conscience!. I He is truly unique from Bangladesh, Dhaka

Nailed it on ESG

Great teacher! I like honesty, very refreshing

He is truly unique. Best professor I have ever had.

Thank you very much. Amazing in clarity and pertinence. It completely changed my look on the matter.

I learnt so much from this talk, so many concepts I coul never fathom before are now clear, can't thank you enough!

KPMG looks to be a sponsor of PFI but the host doubled down on Aswath’s mockery of the Big 4 😆

Genius. No wonder he is a legend

I really agree on this.

Wonderful insights. Damodaran says it well n walks the walk

Thank you for your good thoughts.

Embracing green finance is about envisioning and investing in a sustainable future. Its a noble path.

"I'm not going to talk badly about people"; proceeds to talk badly about people. ;) Enjoyed the dialogue, though. And he's right, ESG is a cancer.

In fairness, lockdowns and shuttering small businesses had a lot to do with billionaires getting richer.

Amazing thoughts.

Definitely he doesn't inhabit the Wall Street world or ethos. Bravo....

Honest truth bombs, so refreshing.

In India, there is a sudden surge of practitioners who have an understanding of ESG. I now have to take this exam just to get a hike or get into another job. Title like this feels dissapointing.

5:34 public companies constantly raise funds in the debt market

Mr Interviewer , please do not interrupt your guests... You are not engaged in investigative journalism

The problem is we've seen how they lie and how bad they are and no one holds then accountable.

What a breath of fresh air. I'm sick of tired of the crap from KPMG and other places selling their ESG wares. What a load of bullshit.

what is ESG??

So brutally honest. Outsourcing your responsibility. Yes, you cn see it that way.

But it seems the investment in tencent was a bad investment from today's perspective.

I love this content!

ALEX EPSTEIN 's "Fossil Future" on sale now June,2022

9:18 they actually don't do a really good job of telling companies what to say. As a brand strategist who has worked on many financial services over many years, I can tell you with certainty that you would be better off creating fresh idiosyncratic brands that increased specific brand equity, and with it pricing power and margins, than you would be subscribing to some globally defined "brand" that is not differentiated from your competitors in the slightest.

ESG is utter bs

It's a scam.👍💯

Professor Damodaran for president

Aswath is a Buddha ...

This poor sap interviewer. He’s got an expert there and yet he can’t resist interrupting him. He wants to be the expert

Truth!

What a cool dude!😅

That's kind of absurd to invest in companies based on peoples skin color and genitalia in positions of leadership.

Amen, keep it professional! Good approach! SHOW YOUR FRUIT!!! IS IT GOOD? OR is IT ROTTEN TO THE CORE EVIL? ESG=EVIL!

WELL!!! Don't Beat Around The Bush, Aswath! LOL He's 110% Correct

Oversold and overhyped is one thing, but for me, it represents market manipulation 101 and no self-respecting stock exchange should look kindly at it. A group of investors acting in concert whether that's deliberate or not, to influence the market using parameters that are other than the financial interest of those investors, and often run against it. All of this is not to mention the absurd notion that the human beings who establish ESG scoring use something other more akin to the reading of entrails that to actual science to get those scores. From a market perspective, I don't believe that anyone has done a risk or impact analysis of such a programme, which on performance so far seems to have produced results that don't do what it says on the box. On principle, the implementation of social policy is the exclusive domain of the democratically elected government in whatever country you happen to be and it is pure hubris for any organisation, whether a private one like Blackrock, or a huge international organ like the UN, to usurp this function. This will not end well, and it will definitely not produce anything like the results they are claiming it will; more likely it will do the opposite.

Based Aswath

Jai hind...sir many American companies in india has been compromised n selling this ESG guidelines among employees...pla suggest how to deal with it

Professor doesn't understand ESG. The guy incorrectly believe ESG is about money and profits. ESG is about sustainability. Doing business in a sustainable way. Yes, fossil fuels will be with us for a long time, but while we use fossil fuels, we need to invest in exploring other forms of energy.

See it's people like this guy that is the problem, hen he thinks that there's no consequences irresponsible investing. He doesn't see the consequences, he just sees the numbers in his face and doesn't see the future. He thinks investing is the holy Grail of life.

ESG explained in Hindi : kzfaq.info/get/bejne/rrCnmqpeuLW3qH0.html

Esg isn’t all that complicated it’s about lower returns vs NO RETURNs

Backlash against woke colture would view ESG as the main culprit. Companies with high ESG are more viewed as more likely to be as source of social problems.

A Finance Institute asking why companies profit in times of crisis and there is not a single word about how everyone could participate in the financial results of these winners by simply buying stocks of these companies.

*NTD* sent me hurr

As much as I respect Damodaran (I am a disciple of his), he is not considering the value of ESG risk mitigation in the multitude of situations outside of the public markets. While it is true that for public companies ESG value creation is highly abstract and difficult to actualize, ESG risk mitigation in the private middle market, for example, has legitimate evidence of value creation for investors, privately held companies, employees, etc etc. Stakeholder-centric value creation continues to be proven and driven on the ground in the private market. And for investors, evidence of ESG integration materially affects your ability to raise capital. Over 95% of private equity GPs cite LP demand as the primary driver of ESG integration into the investment lifecycle. If the LPs want it, you won’t get your capital without it. Just saying!!!!