Thursday, February 13, 2020

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.

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