Virtue is its own reward essay
Some have discussed this fact.
In fact, brain scans reveal that small acts of generosity and virtue cause the brain to produce awarm glow as a response to boosted happiness levels.
Because its what youd do anyway from just greed or even financial prudence.Discount rates (or costs of capital) are expected returns.Some stand out for superior fund management.By growing out of your comfort zone and giving of yourself to those around you, you cultivate opportunities to face your fears and contribute to society).Read more: The rosary is a weapon against depression and hopelessness.Its the sin investors going forward (maybe the same entities maybe not) who get the higher expected returns., 18 18 Close Or you can just reframe the answer. But we cant make this assumption for the discount rate as we know it is false and we know in which direction its false.This is mostly wrong and, more the point here, actually at odds with the very point of ESG investing.For instance, the Stewardship Fund, offered by the insurer Friends' Provident, avoids animal testing and the production and sale of alcohol, and it applies no fewer than nine negative screens.So, if you say your portfolio black velvet whiskey rebate is better with a negative screen, you are saying that the old evil you who didnt care about ESG issues also didnt like more money.
Nothing, answer:c, saying of the Day, contributor: Josef Essberger.6 6, close, as usual a better portfolio can come from higher expected return or less risk.And the choice, as always, is up.If the cost of capital isnt also an expected return, what is it?A subtle distinction perhaps but I think an important one., 8 8, close, guenster.In English, everything still gets owned by someone.But, I think the general points (constraints are never ex ante helpful, and the way negative screening has any impact is to raise the expected return of sin) likely hold.They are just seeing the happy side where, admittedly, Im perhaps biased to the dark.