Insight From Larry Fink | Bridger Pennington

The last decade they've been pushing this, right? You've got BlackRock, State Street Bank, everyone's pushing ESG initiatives, which I think is fine to do. However, it's funny to hear from Larry Fink. He's actually the CEO of BlackRock. He was saying this. He goes, ESG is great besides the S. He goes, we're all for it, helping stuff in the environment, making a more sustainable world. That's generally a very good mission. Governance, how we're going to work with governance stuff is generally a good idea. He goes, S though, societal or social issues, who decides? That's really up for moral debate. Larry Fink actually admitted, he goes, I think there's a problem with ESG because it's primarily because of the S piece. That was pretty insightful coming from Larry Fink, who's like the king of all kings in this world of finance.