Tim Melvin discusses companies’ ESG scores and sin stocks. ESG stands for environmental, social, and governance. Essentially, companies are ranked on how much good they do and their stance on the hot topics of the world. Sin stocks include but are not limited to alcohol, cigarettes, guns, and gambling. Often, sin stocks prove to be more profitable than stocks with a high ESG score.
Melvin explains how the system works and shares his opinion on how investors should use these tools.
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