The very notion that markets are pricing anything realistically is laughable. Look at Microsoft. Now look at $3.7 trillion dollars. Which would you rather have?
Fortune 500 companies ignore many of their negative externalities to avoid negative impacts to their stock prices.
Here in Australia climate risks are absolutely priced in. You should see how much it costs to insure houses now. Something like 25% of home owners in some regions cant afford home insurance now.
Top capitalist group finds capitalism inadequate for long-term human survival.
Top capitalist group doubles down.
“It’s not priced in by the markets,” BlackRock’s Louise Kooy-Henckel said at an event in Hong Kong on Monday. “But it is potentially also the chronic risks where institutional capital can come in because of the investment horizon.”
Does institutional capital price in the risk of scenarios in which the institutions cease to exist?
