Clifford Asness
Mnging/Founding Principal AQR Cap Mgmt LLC. https://t.co/SqAanFKORB. Rootless cosmopolitan globalist. LME Delenda Est.
Book Recommendations:
Recommended by Clifford Asness
“.@larryswedroe’s new book is a great discussion of issues and tradeoffs which abound in ESG investing. Great review of a complex and important topic (even if I have some quibbles). And, hey, thanks to Larry for citing some of AQR’s own ESG research! https://t.co/9raL42d8sT” (from X)
Sustainable investing is booming. The investment industry is fast approaching a point where one-third of global assets under management are invested with a sustainable objective. But do sustainable investment products do what investors expect them to do? How can an investor tell if their investments are having the social impact they want? Does that impact come at a financial cost? And how can investors weave their way through the web of confusing acronyms, conflicting agency ratings, and the mass of fund offerings, confident that they can recognize and avoid corporate greenwashing? Larry Swedroe and Sam Adams cut through the fog and bring clarity on all of this and more―providing investors with a firm plan for truly sustainable investing. The authors first define sustainable investing, illuminating the differences between ESG, SRI and impact investing, and reveal who is currently investing sustainably and why. They then move on to a comprehensive review of the academic research. What does the data really say about risk and return in sustainable investing? What performance can you genuinely expect from sustainable investments? And how are today’s sustainable investors using their influence to drive positive changes for society and the environment? Finally, this book arms you with a practical guide to investing sustainably, including how to effectively choose your asset allocation strategy, and select the managers and funds through which your money can create the change you want to see in the world. Your Essential Guide to Sustainable Investing is the definitive go-to resource that investors have been waiting for.
Recommended by Clifford Asness
“I'm late to tweeting here but this is a great book. https://t.co/7944Seudgg” (from X)
How the world has become much better and why optimism is abundantly justified Why do so many people fear the future? Is their concern justified, or can we look forward to greater wealth and continued improvement in the way we live? Our world seems to be experiencing stagnant economic growth, climatic deterioration, dwindling natural resources, and an unsustainable level of population growth. The world is doomed, they argue, and there are just too many problems to overcome. But is this really the case? In Fewer, Richer, Greener, author Laurence B. Siegel reveals that the world has improved―and will continue to improve―in almost every dimension imaginable. This practical yet lighthearted book makes a convincing case for having gratitude for today’s world and optimism about the bountiful world of tomorrow. Life has actually improved tremendously. We live in the safest, most prosperous time in all human history. Whatever the metric―food, health, longevity, education, conflict―it is demonstrably true that right now is the best time to be alive. The recent, dramatic slowing in global population growth continues to spread prosperity from the developed to the developing world. Technology is helping billions of people rise above levels of mere subsistence. This technology of prosperity is cumulative and rapidly improving: we use it to solve problems in ways that would have be unimaginable only a few decades ago. An optimistic antidote for pessimism and fear, this book: Helps to restore and reinforce our faith in the futureDocuments and explains how global changes impact our present and influence our futureDiscusses the costs and unforeseen consequences of some of the changes occurring in the modern worldOffers engaging narrative, accurate data and research, and an in-depth look at the best books on the topic by leading thinkersTraces the history of economic progress and explores its consequences for human life around the worldFewer, Richer, Greener: Prospects for Humanity in an Age of Abundance is a must-read for anyone who wishes to regain hope for the present and wants to build a better future.

