While this might ruffle the feathers of ESG activists, those responsible for the day-to-day work of picking stocks have the real-world experience to fully understand where Buffett is coming from.
Tag "Robert R. Johnson"
![How Stock Pickers Incorporate (Or Don’t) ESG And Stay Within Their Fiduciary Duty To Clients](https://fiduciarynews.com/wp-content/uploads/2023/04/Apple-Mac-jonny-caspari-d21CGQKtJh8-unsplash-660x395-1-505x306_c.jpg)
![The DOL’s New Back To The Future “ESG” (a.k.a. “Fiduciary”) Rule](https://fiduciarynews.com/wp-content/uploads/2020/11/back-of-delorian-from-back-to-1456098-660x395-1-505x306_c.jpg)
This has long been demanded of fiduciaries. Nearly two centuries ago in Harvard College v. Amory, the Massachusetts court promulgated what has become known as the “prudent man rule.”
![Reframe 401k Participant Education To Stop Stressing Risk And Start Emphasizing Goals](https://fiduciarynews.com/wp-content/uploads/2020/09/555565_19313641_Misty_mountain_royalty_free_stock_xchng-scaled-505x306_c.jpg)
It’s fun to talk about “risk” and “return” because these are measurables and people are comfortable with the tangible world. But none of that touches upon what really matters. Worse, it can distract you from achieving what you want most.
![A Fiduciary Must Confront The Fears and Fads of Market Cycles](https://fiduciarynews.com/wp-content/uploads/2019/06/road-1331709-660x395-505x306_c.jpg)
A good fiduciary must keep a level head and know when emotions drive investors. After all, if they’re not careful, emotion will drive investors right off the cliff.
![The #1 Retirement Saving Goal for People in Their 40s and the Most Useful Strategy to Get There](https://fiduciarynews.com/wp-content/uploads/2017/04/trees-over-the-hill-1624769-660x395-505x306_c.jpg)
Quite the opposite from being “over the hill,” those in their forties may find they’re still slogging up hill in terms of saving for retirement.