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nodesocket 2 hours ago

Shaping the future for “good” is not investing. That is ESG and if you value capital and capital appreciation ESG has been proven not to be a solid strategy. See also altruistic capitalism with such moral people as Sam Bankman-Fried, Elizabeth Holmes, Trevor Milton and Adam Neumann. Solid list of moral people shaping the future.

tomtomtom777 2 hours ago | parent | next [-]

Wow. I am not sure how to respond to this as you seem to have a completely different mindset. You mean to say it is "proven" not to be a solid strategy as in not maximizing profit?

Surely, you acknowledge that funding something is a rather direct way of actively supporting it. It is your money and your choice of what you choose to invest it in, and thus how you choose to shape the future. If you buy OIL to make money, you are still responsible for the additional investment made in oil, and are still shaping the future, whether you like it or not.

nodesocket an hour ago | parent | next [-]

> It is your money and your choice of what you choose to invest it in, and thus how you choose to shape the future.

Absolutely, but I believe you are conflating investing vs donating. The literal definition of investing is:

> Allocating money (or capital) with the expectation of generating a return or profit over time.

Invictus0 an hour ago | parent | prev [-]

The ticker is USO, not OIL, and it's abundantly clear that you have no idea how it works.

sharmajai 2 hours ago | parent | prev [-]

Who said investing is _only_ for "capital and capital appreciation"? It can also be for social good.