Take A Stand!!
A Bull Market is a financial market of a group of securities in which prices are rising or are expected to rise.
Bull markets are characterized by optimism, investor confidence and expectations that strong results should continue.
Bull Market :: Good
A Bear Market is a condition in which securities prices fall and widespread pessimism causes the stock market’s downward spiral to be self-sustaining.
Bear Market :: Bad
That’s a bronze statue of a little girl — looks to be about six or eight — standing in defiance of the bronze Bull statue on Wall Street.
In opposition to The Bull.
They call it “Fearless Girl”.
State Street Global Advisors, which manages some $2.5 trillion in assets, signaled its solidarity with International Women’s Day … a roughly 50-inch-tall bronze statue of a defiant girl in front of Wall Street’s iconic charging-bull statue…
Fearless Girl is part of State Street’s campaign to pressure companies to add more women to their boards.
A company managing $2.5 trillion in assets sponsored a statue of a “defiant” child standing against an optimistic market.
Divest! Divest!! Divest!!!
The fund managers at State Street don’t pick stocks. As such, State Street is what’s known as a “passive” manager, meaning that all its various funds track the performance of indexes. As a result, its managers don’t have the ability to choose not to invest in a particular company: They do as the index dictates. In recent years, as more and more money has gone into passive funds, there’s been a burgeoning worry that it is undermining the power that investors have to shape society; one widely circulated report put out by the money-management firm Sanford Bernstein was titled “The Silent Road to Serfdom: Why Passive Investing Is Worse Than Marxism”.
The social function of active management, in a capitalist society, is that it seeks to direct capital to its most productive end, facilitating sustainable job creation and a rise in the aggregate standard of living. And rather than be guided by the Invisible Hand and profit motive, capital allocation under Marxism is conducted by an oh-so-visible hand aimed at producing use-values that satisfy each member of the society’s needs. Seen through this lens, passive management is somewhat tantamount to a nihilistic approach to capital allocation.
any dots here?