A reader (in fact, one that provided invaluable input into “Grow the Pie”) alerted me to the article “CEOs Are The Problem” by renowned MIT economist Daron Acemoglu. The article makes the following arguments: The current model of capitalism (shareholder …Read More
This blog features recent developments related to the themes of the book which occurred after the manuscript was finalised.
Scientific Beta has just released a study claiming that there is “no evidence that ESG strategies outperform” after controlling for risk. Their research has been seen as paradigm-shifting since, previously, there was apparently clear evidence that ESG delivers alpha. Several …Read More
The Rights and Wrongs of Milton Friedman Milton Friedman’s infamous article, “The Social Responsibility of Business is to Increase its Profits”, is widely ridiculed for exemplifying everything that’s wrong with capitalism. But many of Friedman’s critics haven’t read further than …Read More