Spanning the divide between academia and practice...

SMART INVESTING, FOCUSED ON AN EVER-CHANGING ECONOMIC LANDSCAPE.

Recent Insights


October 12, 2020

Most stock valuation chatter on the internet focuses on companies with great growth opportunities like Zoom, Wayfair and Peloton or well known companies whose stocks have outperformed like Apple and

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October 5, 2020

Welcome to the first of an ongoing series of Cornell Capital Group quarterly investor memos. The purpose of these memos is both to reflect on the current financial market environment

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September 23, 2020

Back in April 2020, we introduced two new indexes – the Cornell Capital Group (CCG) Quarantine Index and the CCG anti-Quarantine index. The Quarantine Index was composed of what might be

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September 15, 2020

Fifty-Years on, four of the world's leading thinkers on Corporate Social Responsibility, including CCG Senior Advisor Professor Bradford Cornell, debate the merits of Milton Friedman's controversial 1970 New York Times

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September 14, 2020

On August 31st Tesla's latest bull run ended when the stock closed at an all-time of $498.50 per share. At that price, the market cap value of Tesla was $464

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Featured Publication


 Using criteria based on environmental, social and governance (ESG) considerations has become an increasingly important aspect of investment decision making, particularly for high profile institutional investors.  As of 2019, sustainable assets under management were estimated to be $30 trillion worldwide.  The claim here is that the enthusiasm for ESG investing has been exaggerated for three reasons.  First, it is not clear what constitutes an ESG investment in the context of a complex, integrated economy.  Second, the impact on investment performance of a preference for ESG investments has not been sufficiently recognized outside academic circles.  Finally, many leading practitioners have stated that the importance of ESG considerations implies the corporate objective of maximizing shareholder value, which lies at the core of much of finance theory, is outdated and needs to be replaced by a more comprehensive stakeholder model.  The conclusion is that both the benefits of the traditional model and the dangers of a broader stakeholder model have not be adequately appreciated.         

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