Whoa: Investment Giant Vanguard Quits Climate-Focused "Net Zero" ESG Group

Maybe another example of my truism that you can't afford Trumpian Indulgences in a Biden Austerity Economy?

Or is it just that they don't want to be boycotted by Republican governors?

Legal Insurrection:

Vanguard Group, One of 'Big Three' Index Fund Managers, Quits ESG-Oriented 'Net Zero' Group
Vanguard indicated its decision rested in a desire to maintain the freedom not to restrict its investment options.
Posted by Leslie Eastman

How It Started: In October, my colleague Mike LaChance noted Wall Street's enthusiasm for ESG (environmental, social, and governance) investing was already starting to wane.
How It's Going: One of the "Big Three" index fund managers is now quitting an ESG-oriented group.

Vanguard Group Inc. is walking out of the world's largest climate-finance alliance, marking the coalition's biggest defection to date as US Republicans step up their threats against firms deemed hostile toward the fossil-fuel industry.
Vanguard's decision followed a "considerable period of review," according to a company statement Wednesday. Withdrawing from the Net Zero Asset Managers initiative, which is a sub-unit of the Glasgow Financial Alliance for Net Zero, "will help provide the clarity our investors desire" about everything from the role of index funds, to financial risks in the context of climate change, the firm said.
...Vanguard indicated its decision rested in a desire to maintain the freedom not to restrict its investment options.
Initiatives such as the net-zero alliance "can advance constructive dialogue, but sometimes they can also result in confusion about the views of individual investment firms," Vanguard said. "That has been the case in this instance, particularly regarding the applicability of net-zero approaches to the broadly diversified index funds favored by many Vanguard investors."
The "Big Three" (BlackRock, Vanguard, and State Street) can cast nearly 25% of the votes in any director election at S&P 500 companies. The departure has significant implications for the American economy.

That article goes on to note that, get this, studies show that funds that prioritize "environmental sustainability" don't necessarily have the greatest economic performance, if you can believe that.

Steve Milloy
@JunkScience
Bad day for ESG:
Vanguard quits net zero banking group GFANZ.
Earlier, @BlackRock was subpoenaed by the state of Texas regarding illegal ESG activity.
https://bloomberg.com/news/articles/2022-12-07/vanguard-quits-net-zero-alliance-marking-biggest-defection-yet
via @business

This might not be a total win, but it's still a win, says Townhall's Spencer Brown:

While the decision by Vanguard to untether itself from the net-zero alliance is a win in the anti-ESG fight, MarketWatch noted that the world's second largest asset management firm will still "track its progress" toward reducing emissions "as an effort to provide 'clarity' to its investors."
MarketWatch noted the significance of Vanguard's withdrawal, saying "some environmental groups who follow pledges toward net-zero greenhouse emissions from the lifeblood of the economy -- the financial services and banking sector -- called the exit a major blow to the effort. These groups argued that such a move is kowtowing to 'anti-woke' sentiment," their report added. That is, conservatives just won a major battle in the fight against ESG and the woke left's attempts to force an energy "transition" away from affordable and reliable American fossil fuels.

Posted by: Ace at 06:18 PM

Comments

(Jump to bottom of comments)

1 Just when we get a good favorite Christmas movie thread going..poof. Nood.

Posted by: Tuna at December 08, 2022 06:20 PM (gLRfa)

2 st

Posted by: Martini Farmer at December 08, 2022 06:20 PM (Q4IgG)

3 Awwww... fuck

Anyhow... who would like to interview a couple of mega shareholder who lost a shit ton of money on "woke?"

Posted by: Martini Farmer at December 08, 2022 06:21 PM (Q4IgG)

4 We need a Christmas movie thread some night. So much fun.

Posted by: Tuna at December 08, 2022 06:22 PM (gLRfa)

5 th!

Posted by: wth at December 08, 2022 06:22 PM (v0R5T)

6 Good. They run my shitty retirement fund

Posted by: thathalfrican - The One at December 08, 2022 06:22 PM (YglAn)

7 A good Christmas movie?

Mrs Clause Jingles Santa’s Balls

Posted by: NC Ref at December 08, 2022 06:25 PM (9dcWn)

8 Finally looked at my IRA statement, dreading it. No vangaurd.

Actually made some money. I was shocked.

Posted by: Infidel at December 08, 2022 06:25 PM (ZEa+g)

9 Hitler and Stalin couldn't get along either. Don't think anything these people do is "good."

Posted by: BurtTC at December 08, 2022 06:26 PM (YV6PJ)

10 I have several Vanguard ETFs in my IRA I was going to dump so I’m glad to see this.

ESG can go horse fuck

PS Willowed: Favorite Christmas movie is Die Hard and Mouse Hunt

With a nod to David Copperfield that aired on TNT back when it was an fun non-woke network that ran The Mummy five million times a week and gave us The Closer

Posted by: The Unmasked and Unvaxed Ranger at December 08, 2022 06:26 PM (VTu1l)

11 So can't invest in woke?

And a Christmas movie thread would be awesome
But wouldn't want to subject TJM into watching ever Christmas movie ever made

Posted by: Skip at December 08, 2022 06:26 PM (xhxe8)

12 It's almost like CEOs have figured out that supporting this ESG shit and wokeisms will cost them their jobs eventually.

Hmmm

Posted by: AlaBAMA at December 08, 2022 06:26 PM (XtkZj)

13 A few of our clients are falling all over themselves toeing the ESG line. From some discreet conversations I've had, it's not because they believe in this bullshit, it's because they don't want to be shunned. Very said.

Posted by: Notorious BFD at December 08, 2022 06:27 PM (Xrfse)

14 Too many arms of government. One arm bearing gifts, another arm has a sniper rifle aimed at you my little Waco child.

Posted by: humphreyrobot at December 08, 2022 06:27 PM (M0iFf)

15 There's only one. Die Hard.

Posted by: AlaBAMA at December 08, 2022 06:27 PM (XtkZj)

16 At this rate, I can retire when I’m dead.

Posted by: Duke Lowell at December 08, 2022 06:27 PM (u73oe)

17 13 A few of our clients are falling all over themselves toeing the ESG line. From some discreet conversations I've had, it's not because they believe in this bullshit, it's because they don't want to be shunned. Very said.
Posted by: Notorious BFD at December 08, 2022 06:27 PM (Xrfse

It's ok. A fee brave souls are starting to reject this shit. More will follow.

Posted by: AlaBAMA at December 08, 2022 06:28 PM (XtkZj)

18 Well the answer to Vanguard's move away from ESG is for the IRS to audit the fvck out of everything that works at Vanguard or INVESTS with Vanguard. Use the 87000 IRS agents like an invading army of locusts to keep the sheeple in line.

Posted by: torabora at December 08, 2022 06:28 PM (aGlce)

19 "At this rate, I can retire when I’m dead."

===========

So, you're saying Union Joe lied when he said the economy is "strong as hell!!"

Posted by: Jay in PA at December 08, 2022 06:28 PM (i7Q7S)

20 At this rate, I can retire when I’m dead.

That's my plan. It sucks but it's all I've got at this point.

Posted by: Notorious BFD at December 08, 2022 06:29 PM (Xrfse)

21 Duke that's my plan

Posted by: Skip at December 08, 2022 06:29 PM (xhxe8)

22 18 Well the answer to Vanguard's move away from ESG is for the IRS to audit the fvck out of everything that works at Vanguard or INVESTS with Vanguard. Use the 87000 IRS agents like an invading army of locusts to keep the sheeple in line.
Posted by: torabora at December 08, 2022 06:28 PM (aGlce)

I hope they do. I hope the US Government pisses of everyone possible, including corporations.

Posted by: AlaBAMA at December 08, 2022 06:29 PM (XtkZj)

23 Don't count on it. I'm sure they'll find a use for all our bodies by then. Soylent something or another.

Posted by: She Hobbit (out and about in Middle Earth) at December 08, 2022 06:29 PM (MnVHJ)

24 If you're going to grift, at least find a good one.

Posted by: clutch cargo - Now fortified with CPM-S90V at December 08, 2022 06:29 PM (zB/T/)

25 I've had, it's not because they believe in this bullshit, it's because they don't want to be shunned. Very said.
Posted by: Notorious BFD

I don't care about that crap. Told my advisor to invest in conservative stuff 5 yrs ago, he did. It's going well.

Posted by: Infidel at December 08, 2022 06:29 PM (ZEa+g)

26 Maybe people can make a little money by suing the living fvck out of these assholes or maybe some time in the slam?

Posted by: dartist at December 08, 2022 06:30 PM (9X/y4)

27 It is going to be a nice, equal wasteland when all of this is done.

Hint: no, it won't. Warlords will have all the goods and power and everyone will be slaves.

Equity!

Posted by: Aetius451AD at December 08, 2022 06:30 PM (CsVWE)

28 20 At this rate, I can retire when I’m dead.

That's my plan. It sucks but it's all I've got at this point.
Posted by: Notorious BFD at December 08, 2022 06:29 PM (Xrfse)

230 grain retirement plan

Posted by: Grim but it's where we're headed at December 08, 2022 06:31 PM (oTpPW)

29 >>>A good Christmas movie?

The Psych Christmas Special Episodes

Holiday in Handcuffs

Holiday Inn

Die Hard

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:31 PM (hgD8w)

30 I hope they do. I hope the US Government pisses of everyone possible, including corporations.
Posted by: AlaBAMA at December 08, 2022 06:29 PM (XtkZj)
-------
If the last two years haven't pissed people off I'm afraid there's no hope.

Posted by: 496 at December 08, 2022 06:31 PM (W5nQ+)

31 Hate to say it... but my wealth manager put me into Blackrock and I made mint.

If... (if) you're only interested in making money you seldom care.

I. don't. care.

To quote a financial genius... "Money changes everything."

Now... what I do with it is debatable.

Posted by: Martini Farmer at December 08, 2022 06:31 PM (Q4IgG)

32 I don't care about that crap.

I do. The income from these folks is how I eat and pay my bills.

Posted by: Notorious BFD at December 08, 2022 06:31 PM (Xrfse)

33 It almost seems safer to invest in tulip bulb futures.

Posted by: Tonypete at December 08, 2022 06:31 PM (qoGsy)

34 ReAminated. ReTaxed.

Posted by: humphreyrobot at December 08, 2022 06:31 PM (M0iFf)

35 Woke as I learned in my job only runs amuck when we let it run amuck. Conservatives have a tendency to stay quiet and fly under the radar, but we can’t afford that luxury anymore.

As a case example my boss formulated a new policy to solidify our relationship with Musk’s Twitter, and declared that anyone who pauses ads with Twitter to virtue signal at the cost of losing revenue is an idiot who will instantly lose our support and be recommended for dismissal (get fired) for being woketarded fuckheads

He worded it more diplomatically of course

Posted by: The Unmasked and Unvaxed Ranger at December 08, 2022 06:32 PM (VTu1l)

36 Duke that's my plan

Posted by: Skip at December 08, 2022 06:29 PM (xhxe

Eat in the offcrew, sleep when you die. Besides, at 29, I am going to live forever.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:32 PM (hgD8w)

37 You mean they aren't supposed to lose their clients' money?

Posted by: Bertram Cabot, Jr. at December 08, 2022 06:32 PM (63Dwl)

38 This is actually a huge victory and you can thank Republican Governors and other state offices for extracting this.

Posted by: Blago at December 08, 2022 06:33 PM (wCY/C)

39 Santa Claus Conquers the Martians

Posted by: Pug Mahon at December 08, 2022 06:33 PM (UQUAY)

40 Notorious BFD

I'm sorry. No offence intended.

Posted by: Infidel at December 08, 2022 06:33 PM (ZEa+g)

41 Right, the pendulum is beginning to swing back from Democrat Fascists pushing their fraudulent ideas. But just at the time that Republicans are beginning to notch up victories; Matt Gaetz, Andy Biggs, and the FBI demand that Hakeem Jeffries be made Speaker.
Again, if the Republicans Part acts like the Stupid Party this is a perfect example. Democrats want to win power. Republicans want pyrrhic victories that look good on TV or online.
In football, you put a drive together for a touchdown by compiling first downs. You don't just throw bombs, run 7 times, and expect to win the game.

Posted by: william ferrin at December 08, 2022 06:34 PM (81F6U)

42 I'm sorry. No offence intended.

Absolutely none taken.

Posted by: Notorious BFD at December 08, 2022 06:34 PM (Xrfse)

43
Saw a link at either Daily Caller or Wire that Al Gore freaked out.

He must be leveraged out the wazoo in this scam.

Posted by: J.J. Sefton at December 08, 2022 06:35 PM (x0n13)

44 FTX will finally be investigated

Not for it’s multi billion dollar money laundering operation it ran for the democrats

But for the $5 donations of dark money it made to republicans

Posted by: The Unmasked and Unvaxed Ranger at December 08, 2022 06:35 PM (VTu1l)

45 I'm sorry. No offence intended.

Absolutely none taken.

Posted by: Notorious BFD at December 08, 2022 06:34 PM (Xrfse)

Pardon me, Sir. But I would like to be offended on your behalf.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:35 PM (hgD8w)

46 Pardon me, Sir. But I would like to be offended on your behalf.

By all means, please proceed. Heh.

Posted by: Notorious BFD at December 08, 2022 06:36 PM (Xrfse)

47 45 I'm sorry. No offence intended.

Absolutely none taken.

Posted by: Notorious BFD at December 08, 2022 06:34 PM (Xrfse)

Pardon me, Sir. But I would like to be offended on your behalf.
Posted by: Comrade flounder, Disinformation Demon

*hands flounder a sammich*

Posted by: nurse ratched at December 08, 2022 06:36 PM (cqahf)

48 Yay!

Posted by: vmom stabby stabby stabby stabby stabamillion at December 08, 2022 06:36 PM (Kd4bG)

49 230 grain retirement plan
Posted by: Grim but it's where we're headed at December 08, 2022 06:31 PM (oTpPW)

.45. Nice.

Posted by: Aetius451AD at December 08, 2022 06:36 PM (CsVWE)

50 *hands flounder a sammich*

Posted by: nurse ratched at December 08, 2022 06:36 PM (cqahf)

Nice try.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:37 PM (hgD8w)

51 45 I'm sorry. No offence intended.

Absolutely none taken.

Posted by: Notorious BFD at December 08, 2022 06:34 PM (Xrfse)

Pardon me, Sir. But I would like to be offended on your behalf.
Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:35 PM (hgD8w)

I'm offended that you would be offended on his behalf. That is ableist and possibly homophobic to suggest he could not be offended on his own.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:37 PM (eYoxG)

52 It seems like Vanguard was only half-hearted with their ESG stuff anyway. They have (or had) at least one ESG fund, as opposed to having ESG suffuse every single thing they did. Low cost index funds still dominate their investor communications. They never seemed to push ESG, compared with Black Rock who can't shut the hell up about it.

But I could be missing something, I only have a very small amount (even smaller now, thanks Brandon!) from a previous employer rolled over to Vanguard and I'm rarely on their site.

Posted by: NJ Class Traitor at December 08, 2022 06:37 PM (+aI/4)

53 This is abuse. Offence is down the hall.

Posted by: Abuse room at December 08, 2022 06:38 PM (63Dwl)

54 Hitler and Stalin couldn't get along either. Don't think anything these people do is "good."
Posted by: BurtTC
--------

FDR and Stalin, OTOH...

Posted by: Mike Hammer, etc., etc. at December 08, 2022 06:38 PM (8e9gw)

55 Good news, what little investing I do is via Vanguard.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at December 08, 2022 06:38 PM (pyVNc)

56 Nice try.
Posted by: Comrade flounder

Pardon me, I'm not a sir.

Posted by: Infidel at December 08, 2022 06:38 PM (ZEa+g)

57 I don't know how significant this is in the big picture -- some anlysts think its huge -- but its good to have a first step take place at least.

Posted by: Christopher R Taylor at December 08, 2022 06:39 PM (0hOvj)

58 44 FTX will finally be investigated

Not for it’s multi billion dollar money laundering operation it ran for the democrats

But for the $5 donations of dark money it made to republicans

Of course, Ranger! The usual suspects tried to make #MeToo about Republicans, they tried to make Epstein about Republicans, you name it. FTX is just par for the course. Democrats are, after all, scandal-free…

Posted by: Ponsonby Britt IV, O.B.E., heir to the Bullwinkle fortune at December 08, 2022 06:39 PM (7kSOl)

59 This is abuse. Offence is down the hall.

Posted by: Abuse room at December 08, 2022 06:38 PM (63Dwl)

No, it's not!

Posted by: Arguments at December 08, 2022 06:39 PM (hgD8w)

60 FDR and Stalin, OTOH...
Posted by: Mike Hammer, etc., etc. at December 08, 2022 06:38 PM (8e9gw)

It's not hard to get along with a potted plant.

Posted by: Aetius451AD at December 08, 2022 06:39 PM (CsVWE)

61 This is abuse. Offence is down the hall.
Posted by: Abuse room

That's okay. We can hold them to three and out

Posted by: Bruce at December 08, 2022 06:39 PM (vd8XM)

62 I pledge to try harder to be offended in the future.

Posted by: Notorious BFD at December 08, 2022 06:39 PM (Xrfse)

63 Gentlemen, I despise each and everyone of you.

Posted by: Duke Lowell at December 08, 2022 06:39 PM (u73oe)

64 That is, conservatives just won a major battle in the fight against ESG and the woke left's attempts to force an energy "transition" away from affordable and reliable American fossil fuels.

I know I'm going to hell and it serves me right, but I wholeheartedly hope and pray that this winter is the coldest bitch on record and a ton of states and countries freeze their asses off. Literally.

They only way this shot stops is with pain.

Posted by: rickb223 at December 08, 2022 06:39 PM (9uCBG)

65 Pardon me, I'm not a sir.
Posted by: Infidel at December 08, 2022 06:38 PM (ZEa+g)

Sorry, xhir.

Posted by: Aetius451AD at December 08, 2022 06:40 PM (CsVWE)

66 Pardon me, I'm not a sir.

Posted by: Infidel at December 08, 2022 06:38 PM (ZEa+g)

I was addressing Mr. BFD.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:40 PM (hgD8w)

67
He must be leveraged out the wazoo in this scam.
Posted by: J.J. Sefton
------

Credit where it is due, if anyone can recognize a scam, it's Al.

Posted by: Mike Hammer, etc., etc. at December 08, 2022 06:40 PM (g75ie)

68 Gentlemen, I despise each and everyone of you.

Now we're gettin' somewhere...

Posted by: Notorious BFD at December 08, 2022 06:41 PM (Xrfse)

69 Hey, lets go shoot up a substation, fellas!

Posted by: Third Glowie on the right and straight on to daylight at December 08, 2022 06:41 PM (gmo/4)

70 I’m offended by every-fucking-thing. I should write a book.

Posted by: Duke Lowell at December 08, 2022 06:41 PM (u73oe)

71 230 grain retirement plan
Posted by: Grim but it's where we're headed

.45. Nice.
Posted by: Aetius451AD

Or two 9mm. Why two? Because you have to.

Posted by: rickb223 at December 08, 2022 06:42 PM (9uCBG)

72 Credit where it is due, if anyone can recognize a scam, it's Al.
Posted by: Mike Hammer

Tool him 3 different times to figure out the woman and Adams apple thing though

Posted by: Bruce at December 08, 2022 06:42 PM (vd8XM)

73 Gentlemen, I despise each and everyone of you.

It's festivus already?

Posted by: Archer at December 08, 2022 06:42 PM (gmo/4)

74 It will be amusing when somebody proves that petroleum is not really a finite fossil fuel but renewed constantly by tectonic forces, fantastic pressures and temperatures, limestone, zeolites and trace catalytic metals.

Posted by: Fischer-Tropsch process anyone? at December 08, 2022 06:43 PM (qfLjt)

75 Gentlemen, I despise each and everyone of you.
Posted by: Duke Lowell
---------

I loath the qword 'gentlemen', exclusionary.

Posted by: Sam Brinton at December 08, 2022 06:44 PM (g75ie)

76 They only way this shot stops is with pain.

Posted by: rickb223 at December 08, 2022 06:39 PM (9uCBG)

I am convinced it will take people actually starving.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:44 PM (hgD8w)

77 70 I’m offended by every-fucking-thing. I should write a book.
Posted by: Duke Lowell at December 08, 2022 06:41 PM (u73oe)

I, on the other hand, am not offended by anything or anyone

Posted by: REDACTED at December 08, 2022 06:44 PM (us2H3)

78 AlGore made a LOT of money through is climate scare propaganda and tactics. I guess it's never enough, eh?

Posted by: Notorious BFD at December 08, 2022 06:44 PM (Xrfse)

79 I closed my Vanguard accounts and they asked me why.
I told them I didn't want the ESG and you people are gullible idiots.
It's possible I wasn't the only one.

Posted by: gourmand du jour at December 08, 2022 06:44 PM (jTmQV)

80
FDR and Stalin, OTOH...
Posted by: Mike Hammer, etc., etc. at December 08, 2022 06:38 PM (8e9gw)

FDR's commie advisors told him how to handle Stalin.

Posted by: Hadrian the Seventh at December 08, 2022 06:44 PM (MoZTd)

81 It will be amusing when somebody proves that petroleum is not really a finite fossil fuel but renewed constantly by tectonic forces, fantastic pressures and temperatures, limestone, zeolites and trace catalytic metals.

Posted by: Fischer-Tropsch process anyone? at December 08, 2022 06:43 PM (qfLjt)

Agreed.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:44 PM (hgD8w)

82 Gentlemen, I despise each and everyone of you.

One of the best beginnings to a speech of all time

Posted by: Christopher R Taylor at December 08, 2022 06:44 PM (0hOvj)

83 It was explained to me years ago that index funds were developed because the fund managers that were picking stock were slightly less capable than a dozen chimps throwing darts at a bulletin board, and were being beat by the market every quarter. Picking asset classes, like small-middle-large CAP and specific industry sections is a way to be part of the market and if nothing else, the risk is as broad as the market itself. Index funds also simplified managing and made the fees far lower.

So, going back to hand choosing stocks is dumb.

Posted by: Kindltot at December 08, 2022 06:44 PM (xhaym)

84 FDR was bottom

Posted by: Archer at December 08, 2022 06:45 PM (gmo/4)

85 I’m offended by every-fucking-thing. I should write a book.
Posted by: Duke Lowell
--------

Makes a nice title.

Posted by: Mike Hammer, etc., etc. at December 08, 2022 06:45 PM (g75ie)

86 I, on the other hand, am not offended by anything or anyone
Posted by: REDACTED at December 08, 2022 06:44 PM (us2H3)

—————

No book for you!

Posted by: Duke Lowell at December 08, 2022 06:45 PM (u73oe)

87 Vanguard will have to leave the ESG club, period.
If one has a Vanguard managed fund they will put money into some ESG.

Some time ago they sent an open return email for input from investors, I told them to get out of politics and get me better returns (paraphrasing). I received a generic thank you for your input.

Vanguard does not care about individual investors only
institutional investors matter to them. Old man Bogle is spinning in his grave.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at December 08, 2022 06:45 PM (gfCY0)

88 74 It will be amusing when somebody proves that petroleum is not really a finite fossil fuel but renewed constantly by tectonic forces, fantastic pressures and temperatures, limestone, zeolites and trace catalytic metals.
Posted by: Fischer-Tropsch

I Am Not A Scientist, but I've been thinking about that for a long time. All the processes that made oil didn't stop, right? It's not like oil was made one time, and then done. Surely the processes that made it are still constantly happening, so that more is made?

Posted by: April--dash my lace wigs! at December 08, 2022 06:45 PM (OX9vb)

89 Or two 9mm. Why two? Because you have to.
Posted by: rickb223

During a day filled with soul crushing sadness, the police told me the weapon my wife used to end it all had four left in the magazine.

I told them she wanted to be sure. The detective just looked at me.

Odd cause for amusement but what the hell.

Posted by: Tonypete at December 08, 2022 06:46 PM (qoGsy)

90 I am convinced it will take people actually starving.

It would seem that way. Nothing seems to have really moved the needle yet.

Posted by: Notorious BFD at December 08, 2022 06:46 PM (Xrfse)

91 230 grain retirement plan
Posted by: Grim but it's where we're headed at December 08, 2022 06:31 PM (oTpPW)

.45. Nice.
Posted by: Aetius451AD

8 have some 230 grain .308 rounds. for hogs, zombies, and two legged petite 'squatch tryin' ta hooligan it up in the burning times. the ar-10 most definitely lets my shoulder know when those get launched.

Posted by: BifBewalski at December 08, 2022 06:46 PM (3CCua)

92
So, going back to hand choosing stocks is dumb.
Posted by: Kindltot
------

These days, it's AI vs. AI trading.

Posted by: Mike Hammer, etc., etc. at December 08, 2022 06:46 PM (q0Hle)

93 Maybe Vanguard talked to their lawyers about DeSantis saying they were not performing their duty as a fiduciary to always seek to maximize return. Their lawyers likely said "DeSantis has a point."

I am sure the specter of having large pension funds take their money elsewhere had a lot to do with it.

Posted by: Lieutenant Duh at December 08, 2022 06:46 PM (Ebr2D)

94 my guess is Hunter cut a deal with Putin to get Bout released

a look back will reveal a beautiful set up

Posted by: REDACTED at December 08, 2022 06:46 PM (us2H3)

95 RE: Christmas movie

Silent Night (2002). Stars Linda Hamilton as a haus frau fleeing with her remaining son to their cabin in the woods during the Battle of the Bulge on Christmas eve.

Two lost patrols, one German, the other American both stumble upon the cabin.

Fun movie and is on YouTube now

Posted by: Beartooth at December 08, 2022 06:46 PM (kts79)

96 This is interesting. especially since Bogle had started getting woke-ified a while ago

Posted by: kallisto at December 08, 2022 06:46 PM (f8bA4)

97 83 It was explained to me years ago that index funds were developed because the fund managers that were picking stock were slightly less capable than a dozen chimps throwing darts at a bulletin board, and were being beat by the market every quarter. Picking asset classes, like small-middle-large CAP and specific industry sections is a way to be part of the market and if nothing else, the risk is as broad as the market itself. Index funds also simplified managing and made the fees far lower.

So, going back to hand choosing stocks is dumb.
Posted by: Kindltot at December 08, 2022 06:44 PM (xhaym)

They on average got beaten by the market net of fees.

Which isn't necessarily the fairest measure since before index funds they were the market, so they couldn't average higher than themselves net of fees.

Since then they have periods of outperformance and underperformance, but there are a lot of jobbers who do closet indexing.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:47 PM (eYoxG)

98 I am convinced it will take people actually starving.
Posted by: Comrade flounder

Freezing. Like Mrs. Paul's.

Posted by: rickb223 at December 08, 2022 06:47 PM (9uCBG)

99 Hey, lets go shoot up a substation, fellas!

Posted by: Third Glowie on the right and straight on to daylight at December 08, 2022 06:41 PM (gmo/4)

Let's see. What to get from Glowing Santa this Christmas?

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:47 PM (hgD8w)

100 No book for you!
Posted by: Duke Lowell at December 08, 2022 06:45 PM (u73oe)

I hate you

Posted by: REDACTED at December 08, 2022 06:47 PM (us2H3)

101 Concerned about gas prices?

Vanguard conspired with Blackrock to put 3 eco freaks
on the board of directors Exxon. Since that time Exxon has reduced the amount of gasoline it refines.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at December 08, 2022 06:47 PM (gfCY0)

102 Remember the pendulum always swings back to the other side. It may seem to take quite some time, but it always swings back. I think that is what we are seeing here. More and more red States are saying "oh hell no" and pulling their not inconsiderable pension fund money out of those companies that embrace esg.

Posted by: Mister Scott (Formerly GWS) at December 08, 2022 06:48 PM (uNylN)

103 It's possible I wasn't the only one.

I haven’t dumped them yet; for one thing, I hadn’t known they were in this group. But they did announce an ESG fund a few months ago and sent an email about it; I unsubscribed from their junk mails in response to it, along with a snarky note.

I don’t pay attention to generic brokerage advice anyway, but that got me looking for potential places to move my ETFs to.

Posted by: Stephen Price Blair at December 08, 2022 06:49 PM (EXyHK)

104 8 have some 230 grain .308 rounds. for hogs, zombies, and two legged petite 'squatch tryin' ta hooligan it up in the burning times. the ar-10 most definitely lets my shoulder know when those get launched.
Posted by: BifBewalski at December 08, 2022 06:46 PM (3CCua)

It will certainly do the job.

Posted by: Aetius451AD at December 08, 2022 06:49 PM (CsVWE)

105 It will be amusing when somebody proves that petroleum is not really a finite fossil fuel but renewed constantly by tectonic forces, fantastic pressures and temperatures, limestone, zeolites and trace catalytic metals.
Posted by: Fischer-Tropsch

I Am Not A Scientist, but I've been thinking about that for a long time. All the processes that made oil didn't stop, right? It's not like oil was made one time, and then done. Surely the processes that made it are still constantly happening, so that more is made?

Posted by: April--dash my lace wigs! at December 08, 2022 06:45 PM (OX9vb)

I believe that is a logical thought. Petroleum is a naturally occurring substance and the processes that caused its formation continue.

Posted by: Archer at December 08, 2022 06:49 PM (gmo/4)

106
Look folks, the Sun is going to burn out in 8 billion years and here we are guzzling photons. We need better light rationing!

Posted by: Hadrian the Seventh at December 08, 2022 06:50 PM (MoZTd)

107 Fair waring... YMMV

A lot of the "vocal" ESG and other bullshit funds are just that... vocal. These entities know they'll lose trillions of dollars catering to the woke.

It is a disappointment to see them self flagellate themselves over it.

But... of I ask if you'll make bank next Tuesday and put $10K in my piggy bank... They'll do it.

So, I'm perfectly happy with this arrangement. For now.

Posted by: Martini Farmer at December 08, 2022 06:50 PM (Q4IgG)

108 Gentlemen, I despise each and everyone of you.

This is funny. Just tonite the old man was trying to give advice on how to get along with coworkers and I said: SHUT UP IT WON'T WORK I HATE HUMANITY

Posted by: kallisto at December 08, 2022 06:50 PM (f8bA4)

109 Finally something good happened today

Posted by: Summer at December 08, 2022 06:50 PM (XL6/i)

110 I Am Not A Scientist, but I've been thinking about that for a long time. All the processes that made oil didn't stop, right? It's not like oil was made one time, and then done. Surely the processes that made it are still constantly happening, so that more is made?

Posted by: April--dash my lace wigs! at December 08, 2022 06:45 PM (OX9vb)

Yep. This is a good generalist understanding, the underlying hypothesis for which has not been refuted. But science is settled and all that.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:50 PM (hgD8w)

111 A great financial resource is Bogleheads.org, named after James Bogle of Vanguard fame.

Just an incredible resource for people that have investment and tax questions. I've learned so much there.

Posted by: Blago at December 08, 2022 06:51 PM (wCY/C)

112 Maybe they realize if they try to starve us out, we'll hanf them higher than Haman?

Posted by: CN at December 08, 2022 06:51 PM (Zzbjj)

113 105 It will be amusing when somebody proves that petroleum is not really a finite fossil fuel but renewed constantly by tectonic forces, fantastic pressures and temperatures, limestone, zeolites and trace catalytic metals.
Posted by: Fischer-Tropsch

I Am Not A Scientist, but I've been thinking about that for a long time. All the processes that made oil didn't stop, right? It's not like oil was made one time, and then done. Surely the processes that made it are still constantly happening, so that more is made?

Posted by: April--dash my lace wigs! at December 08, 2022 06:45 PM (OX9vb)

I believe that is a logical thought. Petroleum is a naturally occurring substance and the processes that caused its formation continue.

Posted by: Archer at December 08, 2022 06:49 PM (gmo/4)

It's mostly a question of "how" and "volume". Knowing the how would help us determine the volume, but nature has been dumping a lot of oil into the oceans for a long time.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:51 PM (eYoxG)

114 ... "some environmental groups who follow pledges toward net-zero greenhouse emissions from the lifeblood of the economy -- the financial services and banking sector -- called the exit a major blow to the effort. These groups argued that such a move is kowtowing to 'anti-woke' sentiment," ...

--------

Or perhaps it's "pro-life" sentiment -- and not just for those in the womb IYKWIMAITYD.

Posted by: ShainS -- Ctrl+Galt+Delete to remove the The Great Reset malware virus at December 08, 2022 06:51 PM (PnkSq)

115 It will be amusing when somebody proves that petroleum is not really a finite fossil fuel but renewed constantly by tectonic forces, fantastic pressures and temperatures, limestone, zeolites and trace catalytic metals.
Posted by: Fischer-Tropsch process anyone? at December 08, 2022 06:43 PM (qfLjt)

HINT: It's the zeolites. It's always the zeolites.

Posted by: Cicero (@cicero43) at December 08, 2022 06:52 PM (guGkK)

116 Well the answer to Vanguard's move away from ESG is for the IRS to audit the fvck out of everything that works at Vanguard or INVESTS with Vanguard. Use the 87000 IRS agents like an invading army of locusts to keep the sheeple in line.
Posted by: torabora

That's when they say, "Enjoy auditing us in the UAE where we paid off some locals to 'get to know you very well' if you do come over."

Posted by: weft cut-loop at December 08, 2022 06:52 PM (IyrhE)

117 Lawfare over the issue of fiduciary responsibility seems to be the potential kill-shot here. It should be worked fanatically. And even if there are more retreats like Vanguard's. Examples need to be made so that disincentives for this kind of idiocy are increased tremendously.

If someone wants to invest in a fund that does stupid things, and the investment objective is stated clearly, then fine, they can throw their money away.

But the idea that trillions are being hijacked to this absurd fake agenda is stunning. Actually adds significantly to the cost and opportunity cost of science-free "environmental" fake religions, which are already an enormous impoverishing factor in the economies of developed countries.

Posted by: rhomboid at December 08, 2022 06:52 PM (OTzUX)

118 Yeah I'm thinking that not investing in energy companies that are the only ones making money this year, lacked appeal to normal investors

Posted by: Regular joe at December 08, 2022 06:53 PM (nnp+f)

119 They have found massive methane deposits on other planets, so its not crazy think oil is abiotic.

Posted by: Blago at December 08, 2022 06:53 PM (wCY/C)

120 Get un-woke go un-broke?

Posted by: These Fish Sticks Are Hard As Tits at December 08, 2022 06:53 PM (3AD8C)

121 ESG investments invest in things which are a) subsidized by the government and are b) inefficient, ie solar panels and windmills. Get rid of subsidies the industry collapses. Why? Because of the inefficiency of the product. To keep investing clients money in such this fiduciary malfeasance. Take a look at the bill in California to reduce the set rate of reimbursement to rooftop solar from $.30 to .05. The greenies are losing their minds but the inefficiency of solar is causing the grid to have fits leading to blackouts. $.30 encourages rooftop, $.05 does not.

Posted by: Smell the Glove at December 08, 2022 06:54 PM (mP+mW)

122 HINT: It's the zeolites. It's always the zeolites.

Posted by: Cicero (@cicero43) at December 08, 2022 06:52 PM (guGkK)

The bastards. The paleoliths should have their own state by now.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 06:54 PM (hgD8w)

123 Silent Night (2002). Stars Linda Hamilton as a haus frau fleeing with her remaining son to their cabin in the woods during the Battle of the Bulge on Christmas eve. Two lost patrols, one German, the other American both stumble upon the cabin.

Thanks for the recommendation Looks like something I would enjoy.

Posted by: Notorious BFD at December 08, 2022 06:54 PM (Xrfse)

124 I, on the other hand, am not offended by anything or anyone
Posted by: REDACTED

I love dark humor.
However, dark humor is like food.
Not everyone gets it.

Posted by: rickb223 at December 08, 2022 06:55 PM (9uCBG)

125 If Steven Spielberg keeps shooting dinosaurs there's no reason that oil can't continue to form in the modern day.

Dinosaurs are dinosaurs.

Posted by: Cicero (@cicero43) at December 08, 2022 06:55 PM (guGkK)

126 119 They have found massive methane deposits on other planets, so its not crazy think oil is abiotic.
Posted by: Blago at December 08, 2022 06:53 PM (wCY/C)

Even if there were bacteria(so not truly abiotic) involved in refining abiotic carbons into oil, it'd still be a massive overturning of the conventional biotic theory.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:55 PM (eYoxG)

127 HINT: It's the zeolites. It's always the zeolites.

Posted by: Cicero (@cicero43) at December 08, 2022 06:52 PM (guGkK)

Zeolites then, Zeolites now, Zeolites forever!

- George Zeolite Wallace

Posted by: Archer at December 08, 2022 06:56 PM (gmo/4)

128 But everything on erf can be made from hemp. Even money! Oh, and Castaway is my favorite Christmas movie where the hero opens everone ELSES presents while on a tropical island.

Posted by: Cicero Kaboom! Kid at December 08, 2022 06:56 PM (3Or4S)

129 past 100, so off thread. Smash really liked riding with me on the 18 year olde vulcan classic 1600. not so much on the new new ducati multistrada. now she's signed up for the msf (?) class at the local harley dealer. she sat on and tested the fit for a '22 vulcan sport 800 on tuesday.

i may have to purchase a 2nd bike. first world problem, right? at least the '22 vulca sport is only 8k msrp new. bet i can get a used one for 4 or maybe 5.

Posted by: BifBewalski at December 08, 2022 06:56 PM (3CCua)

130 It's mostly a question of "how" and "volume". Knowing the how would help us determine the volume, but nature has been dumping a lot of oil into the oceans for a long time.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:51 PM (eYoxG)

--------

And knowing the how might lead us to be able to simulate or reproduce it -- although more than likely the energy in would exceed the energy out, so infeasible ... but who knows?

Posted by: ShainS -- Ctrl+Galt+Delete to remove the The Great Reset malware virus at December 08, 2022 06:56 PM (PnkSq)

131 I read somewhere that the players of the WNBA are the most overpaid employees in the US

they are paid on an avg $330000 USD

based on revenues, it should be $3000 USD

Posted by: REDACTED at December 08, 2022 06:56 PM (us2H3)

132 The ESG push was far more sinister than people realize.

I think most just believe it would be say a fund that doesn't invest in Exxon. ay worse than that.

When you own a Vanguard fund, Vanguard gets to vote for your shares. So they would put ESG (left-wing) board members to run these companies. The most notable was Exxon got 2 board members that basically is anti-fossil fuel, and Vanguard voted for them to be board members.

The Left could basically control every corporation if they could get the biggest money managers to go along with ESG.

Posted by: Blago at December 08, 2022 06:57 PM (wCY/C)

133 They have found massive methane deposits on other planets, so its not crazy think oil is abiotic.

My college advisor when I was a physics major as Thomas Gold. He was pretty strong on that theory. He didn’t think it was constantly regenerating, however, just that it came from the formation of the planets. So still a finite resource, but more of it.

The “deep gas hypothesis”. Apparently it, or something like it, is still a live theory, although also still unlikely.

Posted by: Stephen Price Blair at December 08, 2022 06:57 PM (EXyHK)

134 I read somewhere that the players of the WNBA are the most overpaid employees in the US

they are paid on an avg $330000 USD

based on revenues, it should be $3000 USD
Posted by: REDACTED at December 08, 2022 06:56 PM (us2H3)

But have you factored in the Subaru endorsements?

Posted by: Cicero (@cicero43) at December 08, 2022 06:57 PM (guGkK)

135 130 It's mostly a question of "how" and "volume". Knowing the how would help us determine the volume, but nature has been dumping a lot of oil into the oceans for a long time.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:51 PM (eYoxG)

--------

And knowing the how might lead us to be able to simulate or reproduce it -- although more than likely the energy in would exceed the energy out, so infeasible ... but who knows?
Posted by: ShainS -- Ctrl+Galt+Delete to remove the The Great Reset malware virus at December 08, 2022 06:56 PM (PnkSq)

Well if the process were reasonable(which I imagine wouldn't be the case), it could ironically make wind or solar viable. Turn energy harvested in that manner into more convenient oil.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:57 PM (eYoxG)

136 Vanguard realizes that their ESG quest largely violates federal laws, state laws and market regulations regarding their fiduciary duty. They have an obligation to put you in what they believe (again, based on a relatively standard set of measures and laws) what the best earning investments for you will be. Only Congress can change those laws and the regulators can do very little to help it along. There is also potential collusion involved with ESG, which is another matter. BTW, this is why Lettuce Brain is trying to issue EO's, because the people around him know Congress would have to change long-standing law essentially saying you have a duty to invest money in the best investments, not money losing schemes like ESG.

Posted by: Marcus T at December 08, 2022 06:58 PM (tDEa7)

137 Concerned about gas prices?

Vanguard conspired with Blackrock to put 3 eco freaks
on the board of directors Exxon. Since that time Exxon has reduced the amount of gasoline it refines.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at December 08, 2022 06:47 PM

Blackrock has also been buying up residential properties all throughout the US inflating house prices and then claim they are not doing that. They are doing it, but they are using cut out companies to do it.

Posted by: Mister Scott (Formerly GWS) at December 08, 2022 06:58 PM (uNylN)

138 The Earth itself is alive. Truly. The skin moves around.

Posted by: humphreyrobot at December 08, 2022 06:58 PM (M0iFf)

139 Not many people I despise more than Marie Harf. I wish she'd go tranny so I could punch her.

Posted by: JackStraw at December 08, 2022 06:59 PM (ZLI7S)

140 133

My college advisor when I was a physics major as Thomas Gold. He was pretty strong on that theory. He didn’t think it was constantly regenerating, however, just that it came from the formation of the planets. So still a finite resource, but more of it.

The “deep gas hypothesis”. Apparently it, or something like it, is still a live theory, although also still unlikely.
Posted by: Stephen Price Blair at December 08, 2022 06:57 PM (EXyHK)

The main flaw in conventional theories is there is way more oil/coal/natural gas than we think there should be. Which could be from misunderstanding how it is created, or be due to having bad estimates on how much life has existed on Earth.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:59 PM (eYoxG)

141
HINT: It's the zeolites. It's always the zeolites.

Posted by: Cicero (@cicero43) at December 08, 2022 06:52 PM (guGkK)

____________

Are we going to have faujesite vs. mordenite arguments now?

Posted by: Hadrian the Seventh at December 08, 2022 06:59 PM (MoZTd)

142 deep gas hypothesis

Just ask the pope or that dutchess!

Posted by: Flatulent Senior Joe at December 08, 2022 06:59 PM (8RXzl)

143 They have found massive methane deposits on other planets, so its not crazy think oil is abiotic.
Posted by: Blago at December 08, 2022 06:53 PM (wCY/C)

Other planets had dinosaurs too?

Posted by: Sinclair Oil Corporation at December 08, 2022 07:00 PM (4I/2K)

144 136 Vanguard realizes that their ESG quest largely violates federal laws, state laws and market regulations regarding their fiduciary duty. They have an obligation to put you in what they believe (again, based on a relatively standard set of measures and laws) what the best earning investments for you will be.
Posted by: Marcus T at December 08, 2022 06:58 PM (tDEa7)

This is incorrect. Fund managers are obliged to align with their designated fund mandate. Vanguard is in no way a fiduciary for the vast majority of people using their services.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 07:00 PM (eYoxG)

145 139 Not many people I despise more than Marie Harf. I wish she'd go tranny so I could punch her.
Posted by: JackStraw at December 08, 2022 06:59 PM (ZLI7S)

I got dibs on sloppy seconds

a real cunt

Posted by: REDACTED at December 08, 2022 07:01 PM (us2H3)

146 i may have to purchase a 2nd bike. first world problem, right?

"have to" and "problem" lol

Posted by: BifBewalski

Posted by: vmom stabby stabby stabby stabby stabamillion at December 08, 2022 07:01 PM (Kd4bG)

147
HINT: It's the zeolites. It's always the zeolites.
Posted by: Cicero
----------

I sieve what you mean.

Posted by: Mike Hammer, etc., etc. at December 08, 2022 07:01 PM (g75ie)

148 Turn energy harvested in that manner into more convenient oil.

I’ve said it before here, but gasoline is a far more efficient battery than any battery currently viable for general use.

I’m pretty sure soolar will only be viable, however, if we can get it in space where surface area is far less of an issue; and then transport it down somehow, either beaming it or through some sort of physical storage.

Posted by: Stephen Price Blair at December 08, 2022 07:01 PM (EXyHK)

149 The main flaw in conventional theories is there is way more oil/coal/natural gas than we think there should be. Which could be from misunderstanding how it is created, or be due to having bad estimates on how much life has existed on Earth.
Posted by: Red Turban Someguy

After 100 years of everyone using oil, fighting a world war, driving, maki g plastics and everything else, there weren't that many dinosaurs 🦖.

Posted by: rickb223 at December 08, 2022 07:01 PM (9uCBG)

150 And a Christmas movie thread would be awesome
But wouldn't want to subject TJM into watching ever Christmas movie ever made
Posted by: Skip

He probably already has. Jame Monroe is on top of his game.

Posted by: JT at December 08, 2022 07:02 PM (T4tVD)

151 i may have to purchase a 2nd bike. first world problem, right?
----

Now when you say 'bike', what do you mean?

Posted by: Triumph 955 at December 08, 2022 07:03 PM (OpB28)

152 138 The Earth itself is alive.

With the sound of music, I presume.

Posted by: Ponsonby Britt IV, O.B.E., heir to the Bullwinkle fortune at December 08, 2022 07:03 PM (7kSOl)

153 Other planets had dinosaurs too?

Posted by: Sinclair Oil Corporation at December 08, 2022 07:00 PM (4I/2K)

There's massive methane amounts on the ocean floor and in the frozen tundra, even without Eric Swalwell.

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 07:03 PM (hgD8w)

154 Which could be from misunderstanding how it is created, or be due to having bad estimates on how much life has existed on Earth.

Pretty sure we can go with “and” here.

“…the imagination of nature is far, far greater than the imagination of man.”

Posted by: Stephen Price Blair at December 08, 2022 07:03 PM (EXyHK)

155 4 We need a Christmas movie thread some night. So much fun.
Posted by: Tuna

Well, if the past is any guide, AoS usually posts those kinds of threads during Christmas week.

Posted by: Puddleglum at December 08, 2022 07:03 PM (sAmhv)

156
After 100 years of everyone using oil, fighting a world war, driving, maki g plastics and everything else, there weren't that many dinosaurs 🦖.
Posted by: rickb223

somehow, this comment reminded me of the Bonanza episode where Hoss was attempting to forge an engine block for an early erf killing gas guzzler.

Posted by: BifBewalski at December 08, 2022 07:04 PM (3CCua)

157 The main flaw in conventional theories is there is way more oil/coal/natural gas than we think there should be. Which could be from misunderstanding how it is created, or be due to having bad estimates on how much life has existed on Earth.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 06:59 PM

Based on estimates if oil were truly a fossil fuel we have already consumed more oil than is possible from all of the biosphere from earth's history even if everything was converted to oil with 100% efficiency.

Posted by: Mister Scott (Formerly GWS) at December 08, 2022 07:04 PM (uNylN)

158 143 Other planets had dinosaurs too?
Posted by: Sinclair Oil Corporation at December 08, 2022 07:00 PM (4I/2K)

Yeah, didn’t Lord Xenu drop them into volcanoes and kill them with H-bombs or something? I’m rusty on my Dianetics…

Posted by: Ponsonby Britt IV, O.B.E., heir to the Bullwinkle fortune at December 08, 2022 07:04 PM (7kSOl)

159 now she's signed up for the msf (?) class at the local harley dealer

Those classes are really worthwhile for the novice. I'm sure that varies from dealership to dealership. I enrolled a gal pal of mine in it and she had a blast. After it was over (two full days on the weekend) she had enough confidence to purchase her own bike and go through the endorsement process.

Posted by: Notorious BFD at December 08, 2022 07:05 PM (Xrfse)

160 deep gas hypothesis

I'm sorry.
https://youtu.be/JWLNvWTdl4s

Posted by: Ed at December 08, 2022 07:05 PM (4I/2K)

161 I’m pretty sure soolar will only be viable, however, if we can get it in space where surface area is far less of an issue; and then transport it down somehow, either beaming it or through some sort of physical storage.
Posted by: Stephen Price Blair
--------

I don't like the sound of this.

Posted by: Roasted Bird at December 08, 2022 07:05 PM (OpB28)

162
Now when you say 'bike', what do you mean?
Posted by: Triumph 955

i actually insisted she try one of the 'umphs at the dealer as well as the ducati scrambler. her response...'my fooking legs are too short for these two wheeled dildos'. sales dude damned near choked himself to death trying to not lol.

Posted by: BifBewalski at December 08, 2022 07:06 PM (3CCua)

163 If you ever wondered why the NYT is complete garbage watch this segment on the Jesse Waters show. These people would be right at home at DU or Kos. What a bag of broken, stupid toys.

Posted by: JackStraw at December 08, 2022 07:06 PM (ZLI7S)

164 somehow, this comment reminded me of the Bonanza episode where Hoss was attempting to forge an engine block for an early erf killing gas guzzler.
Posted by: BifBewalski
--------

Dammit! Another cracked casting.

Posted by: Mike Hammer, etc., etc. at December 08, 2022 07:06 PM (OpB28)

165 "This is incorrect. Fund managers are obliged to align with their designated fund mandate. Vanguard is in no way a fiduciary for the vast majority of people using their services.
Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 07:00 PM (eYoxG)"

Not really. Whether they directly manage the fund, or an investor chooses it through their plan, they still have an obligation to comply with the law irrespective of the fund objective. They still have obligations under the 40 Act, IAA, SEA or whatever applies to the investment model.

Posted by: Marcus T at December 08, 2022 07:06 PM (tDEa7)

166 What Red Turban said is what I was getting at above. Of course there can be Dumbass Focus Funds and Make-Believe Science-Free Energy Funds and the like - but turning every fund into some ESG crap, or even letting it affect the fund at all, should not be legal, unless the investment objective lays it all out in advance.

Of course this is part of a nefarious chicken-egg situation now. Most corporations now waste shareholder money and employee money and time and generally impoverish the society with their own idiotic ESG-type crap. So even a fund with an intelligent non-delusional investment thesis will largely only be able to buy stocks of companies that themselves are engaging in this idiocy.

But the institutional shareholder power thing is key. Not sure of the best tools, but this malevolent vandalism via board seats from institutional investors has to be addressed and ended, too.

Posted by: rhomboid at December 08, 2022 07:07 PM (OTzUX)

167 After it was over (two full days on the weekend) she had enough confidence to purchase her own bike and go through the endorsement process.
Posted by: Notorious BFD

taking the class with her. she asked why. 'i need to reinforce the good habits i have, and break the bad ones i've created over 40 years of riding. besides, i wanna spend time with you.'

Posted by: BifBewalski at December 08, 2022 07:08 PM (3CCua)

168 People who watch tv during the Christmas season have no inner life.

Posted by: Regular joe at December 08, 2022 07:09 PM (nnp+f)

169 I don't like the sound of this.
Posted by: Roasted Bird

Which is one reason solar may never be viable except as an interesting toy.

Posted by: Stephen Price Blair at December 08, 2022 07:09 PM (EXyHK)

170 not only did Vlad get his guy out for a POS BB player

he's probably got Joe's people on tape, choosing btwn Whelan and Grindr

Reds play the very long game

Posted by: REDACTED at December 08, 2022 07:10 PM (us2H3)

171 Late to the thread so pardon if this is threepeat or so but " That article goes on to note that, get this, studies show that funds that prioritize "environmental sustainability" don't necessarily have the greatest economic performance, if you can believe that."

I'd bet a few hours wages that funds that *priortize environmental sustainability" are not better for the environment either. Windmills, or as I call them bird choppers, are just grift sources. They are probably a net negative for the environment even if they didn't kill eagles and bats and run of the mill birds.

Posted by: PaleRider is simply irredeemable at December 08, 2022 07:10 PM (3cGpq)

172 besides, i wanna spend time with you.'
Posted by: BifBewalski

Bif that is really sweet! Great answer!

Posted by: vmom stabby stabby stabby stabby stabamillion at December 08, 2022 07:10 PM (Kd4bG)

173 I'm at the old movie theater downtown here, getting ready to watch Gremlins.

Which I don't regard as any more of a Christmas movie than Die Hard, but the theater's Christian-owned, so whatever.

Posted by: Dr. T at December 08, 2022 07:11 PM (nqStX)

174 >>Bif that is really sweet! Great answer!

Now you know why he's getting a 2nd bike.

Posted by: JackStraw at December 08, 2022 07:12 PM (ZLI7S)

175 I told my lefty neighbor his solar panels will last longer if he coated them with SPF 30

Posted by: REDACTED at December 08, 2022 07:12 PM (us2H3)

176 Modern genesis of petroleum is a real possibility in light of fact that many geological processes take MUCH LESS TIME than thought. For example, caves and stalagtites and cave stuff do not take "millions of years" to form. While visiting a popular swimming hole in the Philippines, inquisitive I looked around the very blue water, noticing all of the calcium carbonate formations- karst formations. Branches and twigs were even coated with 'rock' from the calcium carbonate rich water. Yeah, oil is being formed as we speak, and a lot of it just oozes up into the ocean floor.

Posted by: Cicero Kaboom! Kid at December 08, 2022 07:12 PM (3Or4S)

177 taking the class with her. she asked why. 'i need to reinforce the good habits i have, and break the bad ones i've created over 40 years of riding. besides, i wanna spend time with you

To be perfectly honest, I took the class with her as well. It was real quality time spent together. As a bonus, there was a session on emergency braking maneuvers that ended up probably saving my life a couple of years later.

Posted by: Notorious BFD at December 08, 2022 07:12 PM (Xrfse)

178 Bif that is really sweet! Great answer!
Posted by: vmom

thank you. don't tell anyone though. i have a rap sheet as a grumpy bastidge.

Posted by: BifBewalski at December 08, 2022 07:13 PM (3CCua)

179 165
Not really. Whether they directly manage the fund, or an investor chooses it through their plan, they still have an obligation to comply with the law irrespective of the fund objective. They still have obligations under the 40 Act, IAA, SEA or whatever applies to the investment model.
Posted by: Marcus T at December 08, 2022 07:06 PM (tDEa7)

That's not the same as what is generally meant by a fiduciary. Fiduciaries are required to act in the best interest of a client, which requires having fairly detailed knowledge of the clients. Only some Vanguard advisory services might have that status. In most other cases they are just creating a product and obliged to refrain from self-dealing or embezzling and other obvious crimes.

Vanguard isn't obliged to structure their products to maximize returns or pursue specific risk/reward balances. For the most part the most they'd have to justify is "reasonableness".

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 07:13 PM (eYoxG)

180 "The Earth itself is alive."
A record number of volcanoes are popping off right now. I read maybe 27 to as many as 40.

Posted by: gourmand du jour at December 08, 2022 07:14 PM (jTmQV)

181 166 What Red Turban said is what I was getting at above. Of course there can be Dumbass Focus Funds and Make-Believe Science-Free Energy Funds and the like - but turning every fund into some ESG crap, or even letting it affect the fund at all, should not be legal, unless the investment objective lays it all out in advance.

Posted by: rhomboid at December 08, 2022 07:07 PM (OTzUX)

Afaik neither Vanguard or Blackrock is crossing the line on making funds not adhere to the description in their prospectus for ESG purposes.

Where it's more likely to sneak in is index construction, from S&P or MSCI. If you're just matching an index that has ESG in it you don't have culpability for it.

Posted by: Red Turban Someguy - The Republic is already dead! at December 08, 2022 07:14 PM (eYoxG)

182 As a bonus, there was a session on emergency braking maneuvers that ended up probably saving my life a couple of years later.
Posted by: Notorious BFD

attempting to brake on an off camber curve is very unsettling to anyone that hasn't trained the brain on how to do so.

now i'm wondering if i need to find one and teach her how to do that 'cause i k ow the dealer's training ground is flat as elliot page

Posted by: BifBewalski at December 08, 2022 07:15 PM (3CCua)

183 "All the processes that made oil didn't stop, right? It's not like oil was made one time, and then done. Surely the processes that made it are still constantly happening, so that more is made?"

yes BUT. the process is very slow, and there was no extraction till "recently". There are reports of old fields "regenerating", but is that just slowly refilling from other old (less accessible) oil?

I don't think there is firm proof that all the oil resources regenerate quickly ... BUT we still have a lot of oil we can find, and much of it (off our own coasts, for instance) is restricted from development.

Same kinda goes for coal. We have a LOT available ... cheap energy is good for liberty, so BigGov does not like that.

Posted by: illiniwek at December 08, 2022 07:15 PM (Cus5s)

184 Here's what really happened at Vanguard:

INT. BOARD ROOM

Corporate Attorney: "Listen, you overpaid clowns. You're going to be sued by EVERY SINGLE ONE OF OUR STOCKHOLDERS AND YOU WILL LOSE YOUR GOLDEN PARACHUTES, if you insist on investing this company in anything other than projects that guarantee a high rate of return for the stockholders, and not based on bullshit 'social justice' causes. Understand?!?!?!"

Board of Directors (sweating profusely): "LOSE OUR GOLDEN PARACHUTES!?!?!?!?!?" NOOOOOOOOOO!!!!!!!

Chairman of the Board: "All in favor of pulling out immediately from all ESG investments, permanently and forever and ever?"

Unanimous Board: "AYEEEEEEEE!!!!!!"

Posted by: Sharkman at December 08, 2022 07:16 PM (yRThY)

185 Which is one reason solar may never be viable except as an interesting toy.
Posted by: Stephen Price Blair

Solar can work for homes with a large enough lead acid batteries bank & panel farm. It doesn't scale up for commercial applications. Especially trying to run skyscrapers.

Posted by: rickb223 at December 08, 2022 07:17 PM (9uCBG)

186 Not a Joke: Ford Says Don't Use Heater in Electric Truck in Winter to Save Battery - But That's Not All

https://bit.ly/3VE6epP

Posted by: rickb223 at December 08, 2022 07:17 PM (9uCBG)

187 now i'm wondering if i need to find one and teach her how to do that 'cause i k ow the dealer's training ground is flat as elliot page

Same deal for us. Just a huge parking lot. You can certainly tackle that a bit later.

Posted by: Notorious BFD at December 08, 2022 07:17 PM (Xrfse)

188 , _ want nuremberg trials? badger your congressman at December 08, 2022 06:47 PM

Blackrock has also been buying up residential properties all throughout the US inflating house prices and then claim they are not doing that. They are doing it, but they are using cut out companies to do it.
Posted by: Mister Scott (Formerly GWS) at December 08, 2022 06:58 PM (uNylN)
------------------------------

Is Blackstone a subsidiary/cut-out of Blackrock?

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at December 08, 2022 07:18 PM (gfCY0)

189 Listening to sidebar interview with Sam Bank-Fraud, it's a bit over my head but trying to see what happened. Terms used are what's hard to get

Posted by: Skip at December 08, 2022 07:19 PM (xhxe8)

190 Not a Joke: Ford Says Don't Use Heater in Electric Truck in Winter to Save Battery - But That's Not All

https://bit.ly/3VE6epP

Posted by: rickb223 at December 08, 2022 07:17 PM (9uCBG)

Who needs a heater in winter?

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 07:20 PM (hgD8w)

191 Silent Night - Baker Street Guy

This was the last song on his last album completed a few months before he passed. I have come to think he knew was dying and wanted to leave a last statement of his faith. The album is profound and achingly beautiful.

https://youtu.be/tHsREPHqzBg

Posted by: dieLost in Space at December 08, 2022 07:20 PM (c1mVn)

192 Who needs a heater in winter?
Posted by: Comrade flounder

Equatorians?

Posted by: SFGoth at December 08, 2022 07:21 PM (KAi1n)

193 MiklosFund Global offers several Investment Portfolios.

Our Hookers and Blow Fund yields consistent results.

Posted by: Offshore Miklos at December 08, 2022 07:21 PM (NOVDU)

194 190 Not a Joke: Ford Says Don't Use Heater in Electric Truck in Winter to Save Battery - But That's Not All

what the fuck ??

Posted by: Al Capone at December 08, 2022 07:22 PM (us2H3)

195 New twitter files:

Bari Weiss

https://twitter.com/

bariweiss/status/

1601007575633305600

Posted by: Comrade flounder, Disinformation Demon at December 08, 2022 07:22 PM (hgD8w)

196 Someone go comment on the new thread.

Posted by: JackStraw at December 08, 2022 07:22 PM (ZLI7S)

197 Question is who needs a heater in summer? So why bother installing it and save the weight

Posted by: Skip at December 08, 2022 07:22 PM (xhxe8)

198 Why? Isn't this thread good enough still?

Posted by: Skip at December 08, 2022 07:23 PM (xhxe8)

199 Someone go comment on the new thread.

You're not the boss of us!

Posted by: Notorious BFD at December 08, 2022 07:23 PM (Xrfse)

200 They used to make gasoline heaters to go in cars. You could use one of those, or maybe a Mr Buddy on top of a propane tank.

Posted by: fd at December 08, 2022 07:23 PM (sn5EN)

201 Van Jones on Brittney Griner: ‘Young people 10, 20, 30 years from now … will remember this moment’

-
Ask them next week, dude.

Posted by: Anonosaurus Wrecks aka Hangdog Barkston at December 08, 2022 07:24 PM (FVME7)

202 "After 100 years of everyone using oil, fighting a world war, driving, maki g plastics and everything else, there weren't that many dinosaurs "

yeah, I only recently learned that most "fossil fuels" ... or at least most oil, is from (very old) plankton ...

this is just one source I found in a 6 second search, there are probably better sources.

https://tinyurl.com/pkf7p28j

Posted by: illiniwek at December 08, 2022 07:24 PM (Cus5s)

203 Nood!

Posted by: CrotchetyOldJarhead at December 08, 2022 07:24 PM (TgNpw)

204 Same kinda goes for coal. We have a LOT available ... cheap energy is good for liberty, so BigGov does not like that.
Posted by: illiniwek
-------------------------

The nation will take a vote (one day) and turn BIG GOVT into little govt., then the farmers many farm, and the drillers may drill and we will go on so solve more realistic problems.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at December 08, 2022 07:24 PM (gfCY0)

205 Why? Isn't this thread good enough still?
Posted by: Skip

Cruel Ace

Posted by: Onfashore Miklos at December 08, 2022 07:25 PM (NOVDU)

206 Not a Joke: Ford Says Don't Use Heater in Electric Truck in Winter to Save Battery - But That's Not All Posted by: Comrade flounder

The hell you say? So, are you saying EV aren't quite perfect? Huh. This is a joke right.

Posted by: dieLost in Space at December 08, 2022 07:28 PM (c1mVn)

207
Klaus Schwab and the motherWEFers have plans for your house:

https://tinyurl.com/2jf8qszk

You see, your house need to be Net Zero'd, worth nothing, and you'll have t abandon it and move to WEF approved green structures.

Posted by: publius, Rascally Rapscallion (Mzdiz) at December 08, 2022 07:30 PM (Mzdiz)

208 " Not a Joke: Ford Says Don't Use Heater in Electric Truck in Winter to Save Battery - But That's Not All Posted by: Comrade flounder

true believers would demand a pedal option, like the Fred Flinstone car. That would keep the body warm, and keep the body healthy. But an illegal to do the pedaling for you if possible .. kinda like carbon credits, but with humans.

Posted by: illiniwek at December 08, 2022 07:32 PM (Cus5s)

209 So if a monster electric truck can only crush a baby cart

Posted by: humphreyrobot at December 08, 2022 07:42 PM (M0iFf)

210 "Solar is a scam. Not as bad as wind. But a scam."

I have 9000 watts of panels and can produce 6500 watts (about $15k plus my time invested) for several hours depending on clouds and time of year. It might not ever "pencil out" depending on many factors, including how much inflation we get, how much energy is restricted, and how much I value having an independent source of energy.

But in general, sure, solar is a scam. Does not mean it is not a good move for many people. (and I might keep my credit cards because my panels give me a big social credit score bonus?)

Posted by: illiniwek at December 08, 2022 07:49 PM (Cus5s)

211 (and I might keep my credit cards because my panels give me a big social credit score bonus?)

Posted by: illiniwek
--------------------------

Plan ahead, we much?

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at December 08, 2022 07:54 PM (gfCY0)

212 I'm lucky enough to be able to spend a couple of months of most winters in a warmer clime closer to the equator. Last time I came back there somebody had built a shitload of really huge windmills on the horizon. At least I'm assured they're windmills, despite the fact that they seldom move!

Posted by: Ray Van Dune at December 08, 2022 08:01 PM (oVJIF)

213 The lawyers took a look at the legislation as well as the pullouts. Then told the board, they'd lose astronomical amounts of money and put their fiduciary duties in jeopardy via stockholder suits. Lots of suits

Posted by: Xavier Basora at December 09, 2022 02:13 AM (w8x0O)

214 I get paid more than $85 every hour for working on the web. I found out about this activity 3 months prior and subsequent to joining this I have earned effectively $15k from this without having internet working abilities .

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Posted by: Tom at December 09, 2022 11:47 AM (52xWD)

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Posted by: keyboard at December 09, 2022 12:33 PM (5R3Sl)

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