Morningstar
For years
Morningstar.com was a good site for investors. It provided a lot of information on stocks
and funds. Its articles were often
interesting and useful. They were augmented
by an easy to use section for comments by
readers who often had their own interesting and useful things to say. One of the site's best features was that, unlike a competitor
such as Marketwatch, the articles were mainly
free of political bias and advocacy.
That has changed. Morningstar has now gone whole hog on evangelizing
for the leftist political green religion and beating the drum for so-called ESG
socially and environmentally "aware" investing. There is a sermonette on the subject almost
every day, and on some days several. Pages
on stocks and funds now contain sections rating them on their degree of
ESG-ness with one to five little globes – to mark the planet which must be
saved of course – indicating the score. There are also “carbon metrics” and a score
for “fossil fuel involvement” to help separate
the sinners from the elect. The site no longer allows comments by readers.
Perhaps the people in charge got tired of the ridicule and blasphemy they and
their faith were getting from the customers.
It is a little sad to see that happen to something that had
been pretty good. However it might be an
opportunity for somebody to create a site like the old Morningstar to give
investors useful information and a forum for discussion. I think there is a market for it.
Labels: media, Morningstar.com, politics
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