Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio

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If you want a company to do more of what it does, one way to accelerate its expansion is to buy its stock; get all your friends to buy its stock; persuade fund managers, Reddit readers and pension funds to buy its stock; and watch the price soar. Eventually the board will take advantage of the bubble you create to raise what is for the company very cheap money and invest it in the business. Job done.

Something like this happened to clean-energy companies, with a mini-bubble in their stocks that ended in early 2021. Unfortunately, there was a downside: While many of them raised cash to spend on clean-energy projects, investors who stuck with the strategy have watched the stocks plunge 45% from their peak.

Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio Source link Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio

The post Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio appeared first on Eminetra.

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