www.valuewalk.com Open in urlscan Pro
2606:4700:20::681a:6 Public Scan

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URL:
https://www.valuewalk.com/vivek-ramaswamy-on-the-rise-of-the-anti-esg-movement/
Submission: On March 13 via api (March 13th 2023, 11:48:26 pm UTC) from CA — Scanned from CA

Form analysis
7 forms found in the DOM

GET https://www.valuewalk.com/

<form method="get" class="td-search-form" action="https://www.valuewalk.com/">
  <div class="td-search-close">
    <a href="#"><i class="td-icon-close-mobile"></i></a>
  </div>
  <div role="search" class="td-search-input">
    <span>Search</span>
    <input id="td-header-search-mob" type="text" value="" name="s" autocomplete="off">
  </div>
</form>

GET https://www.valuewalk.com/

<form method="get" class="td-search-form" action="https://www.valuewalk.com/">
  <div role="search" class="td-head-form-search-wrap">
    <input id="td-header-search" type="text" value="" name="s" autocomplete="off"><input class="wpb_button wpb_btn-inverse btn" type="submit" id="td-header-search-top" value="Search">
  </div>
</form>

POST #

<form id="loginForm" action="#" method="post">
  <div class="td-login-inputs"><input class="td-login-input" autocomplete="username" type="text" name="login_email" id="login_email" value="" required=""><label for="login_email">your username</label></div>
  <div class="td-login-inputs"><input class="td-login-input" autocomplete="current-password" type="password" name="login_pass" id="login_pass" value="" required=""><label for="login_pass">your password</label></div>
  <input type="button" name="login_button" id="login_button" class="wpb_button btn td-login-button" value="Login">
</form>

POST #

<form id="forgotpassForm" action="#" method="post">
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  <input type="button" name="forgot_button" id="forgot_button" class="wpb_button btn td-login-button" value="Send My Password">
</form>

Name: mc-embedded-subscribe-form — POST https://valuewalk.us4.list-manage.com/subscribe/post?u=c3eb7a1d092fc854772c834e0&id=f6f5bdb8b5

<form action="https://valuewalk.us4.list-manage.com/subscribe/post?u=c3eb7a1d092fc854772c834e0&amp;id=f6f5bdb8b5" method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank" novalidate="">
  <div id="mc_embed_signup_scroll">
    <div class="af-element mc-field-group ">
      <div class="af-textWrap c1"><input type="email" value="" placeholder="Email Address" name="EMAIL" class="required af-element email" id="mce-EMAIL"></div>
      <div class="af-clear"></div>
    </div>
    <div class="af-element buttonContainer">
      <input type="submit" value="Subscribe" name="subscribe" id="mc-embedded-subscribe" class="button">
    </div>
    <div id="mce-responses" class="clear">
      <div class="response" id="mce-error-response" style="display:none"></div>
      <div class="response" id="mce-success-response" style="display:none"></div>
    </div>
    <div style="position: absolute; left: -5000px;" aria-hidden="true"><input type="text" name="b_c3eb7a1d092fc854772c834e0_f6f5bdb8b5" tabindex="-1" value=""></div>
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</form>

POST https://app.convertkit.com/forms/815792/subscriptions

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  min-width="400 500 600 700 800" style="background-color: rgb(249, 193, 0); border-radius: 4px;padding:40px;">
  <div class="formkit-background" style="opacity: 0.2;"></div>
  <div data-style="minimal">
    <div class="formkit-header" data-element="header" style="color: rgb(0, 0, 0); font-size: 25px; font-weight: 700;">
      <p>Never Miss A Story!</p>
    </div>
    <div class="formkit-subheader" data-element="subheader" style="color: rgb(0, 0, 0); font-size: 14px;">
      <p>Subscribe to ValueWalk Newsletter. We respect your privacy.</p>
    </div>
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    <div data-element="fields" data-stacked="true" class="seva-fields formkit-fields">
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      <div class="formkit-field">
        <fieldset data-group="checkboxes" class="formkit-1958" type="Custom" order="1" save_as="Tag" group="field"></fieldset>
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        <div class="formkit-spinner">
          <div></div>
          <div></div>
          <div></div>
        </div><span>Subscribe</span>
      </button>
    </div>
    <div class="formkit-guarantee" data-element="guarantee" style="color: rgb(0, 0, 0); font-size: 13px; font-weight: 400;">We won't send you spam. Unsubscribe at any time.</div>
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POST /vivek-ramaswamy-on-the-rise-of-the-anti-esg-movement/#wpcf7-f2457688-o1

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VIVEK RAMASWAMY ON THE RISE OF THE ANTI-ESG MOVEMENT

Jacob Wolinsky
-
Mar 9, 2023, 12:37 pm
0
BiancoBlue / Depositphotos

Following is the unofficial transcript of a CNBC interview with Strive Asset
Management Co-Founder & Executive Chairman Vivek Ramaswamy on CNBC’s “Last Call”
(M-F, 7PM-8PM ET) today, Wednesday, March 8th for the premiere of the program.


VIVEK RAMASWAMY: THE RISE OF THE ANTI-ESG MOVEMENT

BRIAN SULLIVAN: Joining us now is the man who gave rise pretty much to the
anti-ESG movement. He is also running for President himself by the way, that is
Strive Asset Management Co-Founder and Chairman Vivek Ramaswamy Vivek thanks for
joining us premiere show. I read your book, but come on existential threat to
liberty. Really, that seems a little extreme.

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VIVEK RAMASWAMY: Well, you weren't quoting me there.

SULLIVAN: No but whoever said that come on.

RAMASWAMY: But  I do think there's a valid point to it in a deeper sense. It's
not the existence of ESG funds. It is this new practice of merging state power
and corporate power to do together what neither could do on its own.

Couldn't get the Green New Deal through Congress. No problem, get it done
through the climate pledge instead, can't pass racial equity audits through the
government. No problem have Blackrock State Street and Vanguard forced it down
the throats of companies like Apple instead, and I think it's just a symptom.

It is a deeper cancer that uses the private sector as the back door to get done
what the government could not Constitutionally accomplish.

SULLIVAN: Vivek if Blackrock, Vanguard, Fidelity if they want to do it. And if
their clients want to buy it, what's the beef?

RAMASWAMY: Well, that's the crucial last part you snuck in there – if their
clients want to buy it. So here's the thing. If you ask most clients, do they
know that their money is actually being used to advance these agendas? They will
say no.

If you look at that new Biden rule change that in the Department of Labor said
that they were going to change the ERISA rules to allow retirement fund managers
to promote ESG values, there's a crucial distinction.

There used to be a disclosure requirement that was proposed, they got rid of the
disclosure requirement. And you want to know why? If you tell most Americans
that their money is going to be used to vote for their policies, they will say
absolutely not. So in a certain sense the absence of disclosure –

SULLIVAN: How do we know what most Americans think? I mean, there's definitely
pushback. You're online. I'm online all the time. I hear it. I don't know if
that's the majority view.

 



RAMASWAMY: Well, here's my view. Just do it through disclosure transparent
consent. That you can – if you want to use my money to advance a social or
political agenda, to vote for a racial equity audit, or a scope 3 emissions cap,
fine. Then just ask me.

And yet, when you see the Department of Labor rule, finally passing last
November, what did they do? They delete the disclosure requirement and they
didn't leave it to the imagination, why? They themselves said it would have a
chilling effect on the use of ESG factors. So this isn't a mystery.

People know, I mean, the government knows and the Labor Department knows just as
well as most everyday Americans that people want to make money with their
investment accounts. Not promote these one-sided agendas.

SULLIVAN: We got, we’ve got a panel, we're gonna bring them in. I gotta ask you
this first. You are running for president. Listen, you you wrote a book. A lot
of people read it. You went to Harvard. You went to Yale, started a business,
sold it.

But why are you running for, Cincinnati's own Vivek Ramaswamy Skyline Chili's
favorite. Why are you running for president with let's be honest and I mean this
with all due respect, it's a long, long shot is it not?

RAMASWAMY: I don't, I don't quite agree with that if you see what you see, what
I see on the ground, but here's the deal. We're in the middle of a national
identity crisis. Okay, my generation I'm 37 years old.

We're so hungry for a cause, we're hungry for purpose and meaning and identity
at a moment when the things that used to fill that void from faith to national
identity have disappeared. If you ask most people my age, what does it even mean
to be an American? You get a blank stare in response and I think that's a
problem.

But I have a vision of what it does mean to be American from reviving
meritocracy to free speech and open debate to self-governance in this country
over aristocracy. I think people are hungry for that American national identity,
and I'm running to deliver it and I expect we will and I'm optimistic about
what's ahead, not just for this campaign, but for our country.



Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and
hedge fund focused investment website. Jacob worked as an equity analyst first
at a micro-cap focused private equity firm, followed by a stint at a smid cap
focused research shop. Jacob lives with his wife and four kids in Passaic NJ. -
Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full
Disclosure: I do not purchase any equities anymore to avoid even the appearance
of a conflict of interest and because at times I may receive grey areas of
insider information. I have a few existing holdings from years ago, but I have
sold off most of the equities and now only purchase mutual funds and some ETFs.
I also own a few grams of Gold and Silver

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