@morganhousel@CicmilJovan These people are part of my daily life. In addition to the risks associated with concentrated equity, there are complicated rules on liquidation. In a way, it's like winning the lottery, except you can't touch the money right away, and the winnings probably won't last very long.
@EricBalchunas Just like wearing Chucks or Vans is a cultural expression of someone's identity, so too is investing with an ESG tilt.
I think most investors embrace the realities at this point but still want to keep trying.
@felixsalmon@ritholtz Yes & No.
WF implements similar features but keeps most equity exposure in the US, leaving oodles of TLH opportunities on the table. More so, not convinced WF takes the individual's tax circumstances under consideration during crises - when the most benefits are to be had.