Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the essence of the issues as well as what we do as investors. The market will continue to ration capital toward companies that manage their financially material ESG exposures\u2014both the risks and opportunities\u2014in a manner that is consistent with long-term value creation. <\/p>\n
\n
The market-led price discovery process, which depends on transparency and information flow, dictates that we focus on the real-world changes occurring around us and how well any given company is able to manage through those changes. <\/p>\n
It is important for all investors to stay focused on these realities; and we see that the vast majority of corporations worldwide are working to navigate the real-world changes in the global energy system and in workforce demographics. <\/p>\n
We call this a voluntary market-led solution, and it is the essence of capitalism. Messy in the short term, but extremely efficient in the long term. <\/p>\n
John Streur, <\/strong>Chairman, <\/strong>Calvert Research and Management, <\/strong>Washington, D.C.<\/strong><\/p>\nTo the Editor:<\/strong><\/p>\nIf companies are going to wade into the highly contentious political and\/or cultural controversies of today, they shouldn\u2019t be surprised when they get a hard reaction from people who feel differently than they do. And, contrary to Fonda\u2019s article, there are a healthy number of people and investors who disagree with the ESG movement\u2019s progressive advocacy and hypocrisy. Why any CEO thinks that it\u2019s good business to take a controversial position on today\u2019s cultural\/political issues and immediately alienate half of your customer base is beyond me. Maybe businesses should just stay in their lane, focus on their profitability and growth, and leave the cultural debate to the politicians and the cable news pundits.<\/p>\n
Richard Rosen, <\/strong>New York<\/strong><\/p>\n<\/strong>To the Editor:<\/strong><\/p>\nI appreciate the evenhanded and pragmatic approach to anti-ESG blowback in your cover story. The private sector has become a firewall when it comes to maintaining social progress, especially when government can\u2019t or won\u2019t lead. On the issue of abortion, if statewide votes in Kansas, Kentucky, Wisconsin, and Michigan are any indication, it isn\u2019t as divisive as we have been led to believe. Most people don\u2019t want elected officials coming between them and medical decisions they are making with their healthcare provider. Companies need to do more to stand up against this kind of overreach.<\/p>\n
Jennifer Stark, <\/strong>Washington, D.C.<\/strong><\/p>\nDeficit Spending<\/h2>\n
To the Editor:<\/strong><\/p>\nInflation isn\u2019t the problem; it\u2019s the symptom (\u201cInflation Keeps a Tight Grip. The Fed Still Has More Reason to Raise Rates Than Cut,\u201d The Economy, May 5). The problem is unsustainable government deficit spending. As long as the Federal Reserve continues to print money to monetize the debt, inflation will continue. Crippling the economy with high interest rates won\u2019t reduce inflation and will increase borrowing costs for the government.<\/p>\n
Adam Mayer, <\/strong>On Barrons.com<\/strong><\/p>\nCommodities Investing<\/h2>\n
To the Editor:<\/strong><\/p>\nIn \u201cThis Fund Pro Wins by Betting on Former Losers. 3 of His Contrarian Picks\u201d (Interview, May 4), Matthew Fine, portfolio manager at Third Avenue Management states that \u201cthere is no metal or natural resource more critical to renewable energy than copper. It is critical to the basic functioning of modern society, but also incredibly scarce.\u201d Fine goes on to say that \u201crenewable energy will also drive demand, whether it is electric vehicles, wind energy, or solar. The technologies, and facilitating their connection to the grid, have the potential to be a demand accelerant for copper.\u201d <\/p>\n
The direct connection between modern technologies and much frowned-upon industries, such as mining, are often obscured and presented as something \u201cintangible,\u201d something not having a physical presence\u2014the cloud comes to mind. The digital data in the cloud are stored in a physical environment\u2014on physical servers across the globe on terra firma. Modern technologies operate in a tangible environment, using tangible, scarce, and essential natural resources, such as land, water, certain metals, and fossil fuels. Mined metals and fossil fuels to varying degrees are, and will continue to be, critical to the development of modern technologies and the transition to renewable energy. <\/p>\n
Natural resources and the ever-increasing need for the maintenance and the quest for improvement of new technologies are interdependent to a certain degree and will continue their co-dependence for the foreseeable future. Commodities investing is here to stay.<\/p>\n
Irakli G. Mirzashvili, <\/strong>Cedar Park, Texas<\/strong><\/p>\nCash-Secured Puts<\/h2>\n
To the Editor:<\/strong><\/p>\nI couldn\u2019t agree more with the cash-secured put strategy (\u201cThe Debt-Ceiling Standoff Will Create Panic in the Stock Market. How to Profit From It,\u201d The Striking Price, May 3). Who knows if, when, and to what magnitude the perceived recession will arrive or if the government will or won\u2019t default on its debt. But the fact that the volatility opera has begun is very much true. <\/p>\n
This strategy, in my opinion, works in any market environment for those who wish to build a position in securities they believe are below intrinsic value. It\u2019s a win-win in this case, collecting passive premium if the position remains out of the money, or building your positions at a lower price (strike price) than what you would\u2019ve bought at otherwise. <\/p>\n
Alec Bicknese, <\/strong>New York<\/strong><\/p>\nSend letters to: <\/strong>mail@barrons.com. To be considered for publication, correspondence must bear the writer\u2019s name, address, and phone number. Letters are subject to editing.<\/p>\n<\/p><\/div>\nRead the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the essence of the issues as well as what we do as investors. The market will continue to ration capital toward companies that manage their financially material ESG exposures\u2014both the risks and opportunities\u2014in […]<\/p>\n","protected":false},"author":1,"featured_media":8386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-8385","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\n
Letters to the Editor of Barron\u2019s | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=8385\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Letters to the Editor of Barron\u2019s | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=8385\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-14T03:46:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-14T03:46:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684035988_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=8385#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=8385\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Letters to the Editor of Barron\u2019s\",\"datePublished\":\"2023-05-14T03:46:28+00:00\",\"dateModified\":\"2023-05-14T03:46:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=8385\"},\"wordCount\":914,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=8385#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=8385\",\"url\":\"https:\/\/ifintechworld.com\/?p=8385\",\"name\":\"Letters to the Editor of Barron\u2019s | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-14T03:46:28+00:00\",\"dateModified\":\"2023-05-14T03:46:29+00:00\",\"description\":\"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=8385#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=8385\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=8385#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Letters to the Editor of Barron\u2019s\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Letters to the Editor of Barron\u2019s | iFintechWorld","description":"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=8385","og_locale":"en_US","og_type":"article","og_title":"Letters to the Editor of Barron\u2019s | iFintechWorld","og_description":"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the","og_url":"https:\/\/ifintechworld.com\/?p=8385","og_site_name":"iFintechWorld","article_published_time":"2023-05-14T03:46:28+00:00","article_modified_time":"2023-05-14T03:46:29+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684035988_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=8385#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=8385"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Letters to the Editor of Barron\u2019s","datePublished":"2023-05-14T03:46:28+00:00","dateModified":"2023-05-14T03:46:29+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=8385"},"wordCount":914,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=8385#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=8385","url":"https:\/\/ifintechworld.com\/?p=8385","name":"Letters to the Editor of Barron\u2019s | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-14T03:46:28+00:00","dateModified":"2023-05-14T03:46:29+00:00","description":"Daren Fonda\u2019s article on ESG issues is excellent (\u201cCompanies Under Siege,\u201d Cover Story, May 4). It is well-researched and balanced, and captures the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=8385#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=8385"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=8385#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Letters to the Editor of Barron\u2019s"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/8385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8385"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/8385\/revisions"}],"predecessor-version":[{"id":8387,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/8385\/revisions\/8387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/8386"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}