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r/StockMarket
r/StockMarket
217
Posted by13 days ago

Al Gore’s Firm Sells Alibaba Stock, TSMC, and Shopify

barrons.com/articl...
News
62 comments
93% Upvoted
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level 1
· 13 days ago

An Inconvenient truth

54
level 2
· 12 days ago
level 1
· 12 days ago

TiL Al Gore trades

45
level 2
· 12 days ago · edited 11 days ago

He set up an ESG focused hedge fund (that we cant call a hedge fund but it is a hedge fund) that is now up to $40bn.

15
level 2
· 12 days ago

Most wealthy people do

10
level 1
· 13 days ago

Shopify was able to add more than $100 million to their cash holdings because of operating income. They now have $5.09 Billion in cash.

45
level 2
· 12 days ago

Any reason why Shopify is a sell right now (according to his firm)?

13
level 1
· 13 days ago

The fund doesn’t appear to be performing well, and honestly I can’t figure out what they are even trying to accomplish.

How does Schwab figure into saving the world? How does Equifax help the future? Henry Schein’s dental supplies?

It doesn’t look like it is positioning for optimal returns nor sustainability…

But I guess I don’t know what I expected. I guess I’d expect it to operate on a back room political favor basis (as that is why you’d pick a politician to manage a fund), rather than a bottom up or macro strategy…. So who knows?

19
level 2
· 12 days ago

Seems pretty transparent to me. 1). Invest in ESG. 2). Use political allies to push and legislate ESG. 3). Make money. The only problem is that it seems enough investors are wise to the smoke show at this point.

7
level 1
· 12 days ago

Why did a man who spent so much time telling everyone that the end is near with climate change invest in Alibaba in the first place? The company consists in selling cheap crap in shipping containers all over the world. Is he a joke?

34
level 2
· 12 days ago

Long story short as possible, yes.

7
level 1
· 12 days ago

He only sold 20% of his holding. Not exactly an exit on alibaba

4
level 1
· 12 days ago

I get maybe Alibaba and Shopify but I would be long on TSMC if I could afford it. Maybe it just makes more sense to get out of TSMC now, wait a bit and have another go around?

11
level 2
· 12 days ago

maybe buffet and al gore know something we dont?

5
Continue this thread 
level 2
· 12 days ago

Wonder if he knows something about China that's about to happen that we don't... I'm holding tsm and I'm up, I'd rather sell now than when I'm not up...

8
level 1
· 12 days ago

While the CCP rules china with its iron fist, I am not touching Chinese companies with a 10ft pole

14
level 2
· 12 days ago

Only one of these three companies is Chinese.

5
level 2
· 12 days ago

Shopify is Canadian, I thought?

2
level 2
· 12 days ago

Good to know! Keep on what you’re doing, CCP very very bad. Only invest in US economy it’s our preformed the global market for a whopping 20 years

1

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