High school celebrity tells his 764,000 followers to boycott Vanguard and BlackRock

eric9242's picture
Rank: Gorilla | 607

Here we have a teen famous for surviving a mass shooting. We have a teen who most likely hasn't completed his high school's algebra course. We have a teen who's followers are among the dumber (lower) half of this nation, making less than 50k a year, and only thing they know about bankers/Wall Street is the notion that they are evil. We have dumbasses who attend community college and fold clothes at the local GAP. We have idiots who don't know a thing about personal finance and saving money, much less investing their money in an emerging market ETF.

It's funny, because half of his followers probably don't (know how to) invest anyways.

Comments (115)

Apr 17, 2018

You might think he and his followers are dumb but clearly BlackRock is listening because they pulled gun manufacturers and retailers out of some of their funds and Citigroup set restrictions on the sale of firearms by its business customers

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Apr 17, 2018

I believe Blackstone is also looking into their funds' gun investments.

Apr 17, 2018

https://www.cnbc.com/2018/04/05/blackrock-to-offer...
Pulled them out or are making new funds? They're not going to pull them out of the index funds... because well that's not really an index fund if you start cherry picking companies.

These new funds are going to be microscopic in size compared to the index funds that hold all of the "gun related stocks/retailers"

Apr 21, 2018

blah blah blah, and BS to boot.

Any of you who think the CEO of Dick's was so brave because he "stood up to the gun lobby" are just too dim-witted to realize that the same CEO owns Field & Stream, which is the real outdoorsman's go-to place when it comes to procuring guns, ammo and any other real sporting equipment. His benevolence was a sham because all he did was move the guns from Dick's warehouse over the F&S warehouse. He's still selling the same guns he was selling at Dick's.

I actually almost feel sorry for some of you people. I don't know if you've ever been taught critical thinking, the concept of trust but verify, the idea that gathering all of your information from one site may not be the most prudent way to get a thorough understanding of the issues, or if you even care about having a well-rounded, educated understanding of issues. I also am curious as to where and what you think are credible, legitimate new sources.

I've gotten way off topic here, but reading through some of the posts on this thread leaves me shaking my head both because I think it is a tragedy how ill-informed so many are, while at the same time realizing that the education of the masses has been hijacked by a cadre of socialists/communists/and just plain no-nothing people who chose to teach because they couldn't DO. You millennials are certainly changing the world. I would just be curious to see, in 50 years, how many of you zealots will look back on what has happened to this incredible country under your watch. I dare say a great many of you will be dismayed, but I will be worm-food by then.

Be careful for what you wish for as you just might actually get it!

Apr 17, 2018

I'm not taking a side in the argument and I most certainly don't think most executives are actually doing anything for reasons other than corporate image but what I'm saying is there are clearly companies doing something in response to this campaign

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Apr 22, 2018

The guns in this case weren't evn transfered to F&S warehouses, they were never in Dicks warehouses to begin with. Dicks stopped selling AR-15s years ago.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

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Apr 17, 2018

Do you have a link or screenshot to the tweet?

Apr 17, 2018

Just Google "David Hogg," all the news agencies are going batshit over this tweet

I didn't bother to read any of the articles, the content is pretty easy to discern just from the headlines

Apr 17, 2018

More like David Hoggwash, amirite?!

High-fives group of laughing people shooting me finger-guns

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Apr 17, 2018

What's wrong with making less than 50k a year?

Absolute truths don't exist... celebrated opinions do.

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Apr 17, 2018

Nothing.

But when you bitch about it and shove your shit into other people's faces (instead of actively trying to make more), then something is concerning.

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Apr 17, 2018

You shouldn't care about dumb people until the next elections, let dummies do what dummies do.

Absolute truths don't exist... celebrated opinions do.

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Best Response
Apr 17, 2018
kayz08:

What's wrong with making less than 50k a year?

You're not making very much money. Not complicated.

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Apr 17, 2018

Depends what your obligations and spending goals are.

Absolute truths don't exist... celebrated opinions do.

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Apr 20, 2018
DickFuld:
kayz08:

What's wrong with making less than 50k a year?

You're not making very much money. Not complicated.

do people on this site really hate poor people this much? u need to get out more

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Apr 18, 2018

There's nothing wrong with making less than $50k/year. Several noble professions don't pay particularly well (military comes to mind). My only issue is people who pick professions that don't pay well then complain about it (damn near every teacher on Facebook). They knew what they signed up for.

Apr 17, 2018

I'm sorry but that kid is a fucking clown.

He just did a Google search or something of investors with the highest gross value of holdings in gun manufacturing companies. Go figure the largest investment management firms have the highest holdings in those companies. Half of their holdings probably come from passive investment funds and indexes anyway, it's not like their just funneling money directly to gun companies. They have a fiduciary duty to their clients and some 15 year old's political agenda shouldn't dictate their positions.

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Apr 17, 2018

yeah exactly lol. I think they are creating a "new fund" without gun holdings but we all know that's just more for political theater than anything. They're not going to drop gun manufacturers from regular indexes (which is where all the $$ is)

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Apr 17, 2018

lmfao emphasis on "We have a teen who's followers are among the dumber (lower) half of this nation"

Fuck this kid. He already lost his Laura Ingraham boycott - rating up 20% since the "boycott" lol

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Apr 17, 2018

In the unlikely event that this boycott is successful, it would just amount to a wealth transfer from people divesting to those who don't care. The companies are worth what they are worth regardless of whether vanguard has them in their index funds. If vanguard divested, people would just get the companies at a reduced price.

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Apr 18, 2018

This is the correct answer

Apr 18, 2018
PeterMBA2018:

In the unlikely event that this boycott is successful, it would just amount to a wealth transfer from people divesting to those who don't care. The companies are worth what they are worth regardless of whether vanguard has them in their index funds. If vanguard divested, people would just get the companies at a reduced price.

Bingo.

Apr 18, 2018

Luckily for Vanguard and Blackrock, their key clients aren't powerless teenagers with $100.

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Apr 18, 2018

I sympathize with this kid (and he is a kid) because of what happen to him, but I feel he's going about it the wrong way, or the easy way.

Buy guns, don't buy guns, ban guns, give them out for free, whatever, these mass murder events at schools won't stop; kids will still find ways to cause destruction that don't necessarily involve guns.

I think it's easy to say the problem is "guns" and the government should ban them. What happens when a kid attacks a school with a lighter and a can of WD40? Should the government ban that. The real problem is that kids/parents treat other kids like shit. Maybe this kid should work toward making schools a more communal place, a more respectable place. I agree though that's way more difficult to do than blaming guns as the problem.

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Apr 18, 2018

As soon as a lighter and a can of WD40 kill 15 kids in 10 minutes, we can have that discussion. Until then, this is more of the same tired deflection from 2A extremists that don't have a good argument against sensible gun reform.

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Apr 18, 2018

Same proposal of "sensible reform" without providing specifics that would have had any impact on the recent tragedies

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Apr 18, 2018

The lighter/WD40 is just an example; point is, there are too many ways for someone to commit a mass murder in a public gathering for the government to outlaw them all.

I'm not saying guns should be legal, or that outlawing them isn't a step in the right direction. However, do you believe that the person who committed this act would not have done so if guns weren't available?

People are going to find ways to keep committing these acts; focusing on their method is easy, actually helping people/making people care about one another is the best way to solve the problem, but also the hardest. I don't know how to make that happen, if I did I would probably try to implement it.

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Apr 18, 2018
onemanwolfpack:

As soon as a lighter and a can of WD40 kill 15 kids in 10 minutes, we can have that discussion. Until then, this is more of the same tired deflection from 2A extremists that don't have a good argument against sensible gun reform.

Define "sensible" first.

Get your facts first, then you can distort them as you please.

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Apr 22, 2018

Are you fucking kidding? You can make a bomb out of that easier than you can buy a gun.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Apr 18, 2018

So, Blackrock created a new ESG-focused Index and a series of ETFs that prohibit investments in gun companies. They won't change anything from their existing funds, but this is a way for pension funds who want to be more ESG focused to have exposure without including firearms in their portfolio. This won't change anything in the Blackrock family of funds that replicates the index 1:1 (it can't because index replication is exactly that for equities). If they do that for optimized or sampled portfolios, that would be fair game. Blackrock did what amounts to nothing to gain a great deal of favor by doing what they did.

As far as David Hogg is concerned, he is actively trying to bully people into submission. Look at the Laura Ingraham debacle. Companies have started to come back in and advertise. Not only that, her ratings are up since coming back on the air. At the same time, he's using a platform to push his agenda and demands that no one take pot shots at him despite now being a public figure. Now that he is in the public spotlight, he has opened himself up to these attacks yet wants his cake in the form of gun control and the ability to eat it to in the form of not being mocked by others. It is hard to take anyone seriously when they try to hide behind their cause or method of victimization in order to shield themselves from criticism.

Apr 18, 2018

Witnessing something traumatic doesn't make you an expert. These kids are pawns being trotted out to promote a political agenda. They don't care about school safety, they care about the political agenda. Honestly, it makes me sick.

Apr 18, 2018
eric9242:

Here we have a teen famous for surviving a mass shooting. We have a teen who most likely hasn't completed his high school's algebra course. We have a teen who's followers are among the dumber (lower) half of this nation, making less than 50k a year, and only thing they know about bankers/Wall Street is the notion that they are evil. We have dumbasses who attend community college and fold clothes at the local GAP. We have idiots who don't know a thing about personal finance and saving money, much less investing their money in an emerging market ETF.

It's funny, because half of his followers probably don't (know how to) invest anyways.

I really couldn't care less about his age or his level of education. My issue with him is that he's wrong on policy and he and his allies have acted in a grotesquely immoral fashion the last 2 months by blaming innocent people--Republicans, the NRA-- for a shooting that was the fault of the 1) shooter; 2) Obama administration public policy; 3) school itself; 4) Sheriff's Department; 5) FBI.

To ignore #s 1-5 and then to place blame on Marco Rubio(??) and the NRA is to suggest that you have a political motivation rather than moral motivation to stop mass shootings.

Apr 19, 2018

Marco Rubio had balls being at that town hall as well.

Apr 18, 2018

America - 2018.

Listening to someone who hasn't graduated high school on anything other than making ice cream.

Also notice how this is all about gun control. Zero discussion on the myriad of failures that allowed this to happen.

We might as well scrap the entire constitution. I don't see much left of this country anyway. Who really cares.

Apr 19, 2018

lol really? A high school kid says stupid shit on twitter, and your reaction is to "scrap the entire constitution"?

You're being more melodramatic than a teenage girl. Go grow some hair on your balls, or at least eat a decent meal and get a good nights sleep, you overworked sonofabitch.

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Apr 22, 2018

That comment you clearly took out of context is an analysis on decades of having freedoms removed in this country for nothing more than the appearance of "security". More specifically it is called security theater because in reality that is exactly what it is. The appearance of something to make idiots feel safe. The 2nd is pretty much the only thing left in the constitution that holds this country together. I'm always amazed at who tends to support the striping of rights, as it is usually those who most complain that they do not have equal rights.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

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Apr 18, 2018

Jesus are you dense.

This kids holding rallies. He's on CNN. He's advocating for serious gun restrictions. And he's pushing an agenda that others are using him for.

If you're not seeing the eroding level of basic freedom in this country, perpetuated by the media, wealthy individuals and power hungry bureaucrats, then you simply aren't paying attention.

But yeah, a kid "tweeting" is all in upset about.

Apr 21, 2018

Re: those failures - how in the hell did we let the FBI off the hook for this one? Why aren't we talking about that instead?

Apr 18, 2018

We need more laws!! Who cares about holding law enforcement accountable when they don't enforce them.

Listen, I'd respect liberals if they were just honest. They hate what this country was built on and will use dead children to advance their fascist goals. Because that's exactly what is happening.

And the FBI gets a pass because they are fighting Trump. Remember when Comey fucked Hillary? Dems wanted FBI blood. How quickly they turn.

Go watch the YouTube videos of the former KGB guy who worked to install communism in Pakistan and elsewhere. He loved these "educated" idiots. They were the first to be culled when their dream was realized. Fools trying to dismantle freedom.

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Apr 18, 2018

Just to add, 60 days(!) after the shooting, Hogg and his sister have written a book that they will no doubt profit handsomely from. They claim that they will give the profits to continue the fight for gun control, but that could be anything from donating to Democrat politicians to paying themselves a salary to go around the country leading rallies while staying at luxury hotels. We have no idea. But just like Jesse Jackson and Al Sharpton have enriched themselves off of racial agitation, it looks like a new profitable industry is a-brewin'--gun control advocacy.

In our increasingly irreligious time, the non-religious are desperately searching for spiritual meaning, and they'll get it off of political advocacy, and Hogg will be their pastor.

Apr 19, 2018

And how is that wrong? Either profit is okay or it isn't. Nor is their message any less valid because they can profit off of it.

Gun control is open to interpretation like anything else. The conservative right has waged a long, costly, and perfectly legal campaign to change the way the Second Amendment is interpreted in both State and federal court systems. And now it's a point of principle that we as a society cannot reinterpret that? Or that the left doesn't have the same right to campaign for a reinterpretation?

The idea that the desire or intention to institute gun control legislation is a sign of the decrepitude of the Constitution is absurd on it's face, and displays a complete lack of knowledge of the history of Constitutional law. It's within living memory that conservatives were saying that allowing integrated schools would be the death of American society, too. Good company to be in.

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Apr 18, 2018
Ozymandia:

And how is that wrong? Either profit is okay or it isn't. Nor is their message any less valid because they can profit off of it.

Profit is neither right nor wrong. It just seems bizarre to me that 60 days after the shooting at their school they have released a book to the public. As I already pointed out, Hogg's hyper-partisanship calls into question his motivations about his principles surrounding gun control; and now this book calls into question his real moral purpose. At the very least, this move looks like a way to profit off of the tragedy.

Ozymandia:

Gun control is open to interpretation like anything else. The conservative right has waged a long, costly, and perfectly legal campaign to change the way the Second Amendment is interpreted in both State and federal court systems. And now it's a point of principle that we as a society cannot reinterpret that? Or that the left doesn't have the same right to campaign for a reinterpretation?

Cathy Newman, is that you? Where did I say the left doesn't have the right to campaign for their immoral and wrong belief systems? I said that as people become less religious they start looking for other ways to fill their spiritual needs. Now instead of giving to a sleazy TV preacher, they will give money to a sleazy gun control advocate who is out for his own personal glory and money.

Ozymandia:

The idea that the desire or intention to institute gun control legislation is a sign of the decrepitude of the Constitution is absurd on it's face, and displays a complete lack of knowledge of the history of Constitutional law. It's within living memory that conservatives were saying that allowing integrated schools would be the death of American society, too. Good company to be in.

What the absolute fuck are you talking about? How in God's name are you getting this out of what I said about David Hogg? Jfk.

Apr 18, 2018

Americans are profiting off an effort to weaken and destroy a fundamental right of the US Constitution.

When someone attacks the constitution, their role is clear. Enemy of the Republican. If I was advocating for the elimination of free speech or allowing police to search you without a warrant, you'd called me a fascist (aka an enemy of freedom and what this country stands for). This little pig might as well be a KGB agent.

He is being propped up and financed by much more powerful entities.

You ever ask why he's the face of the shooting and not the other kids who were injured or survived? How his message is the only one on all the major networks?

Yeah.

Apr 18, 2018

Please direct me to anywhere in the Constitution where segregated was allowed, promoted or law?

Love when I'm acused if not knowing something and the ultimate turd strawman is levied.

Sad state of the education system if this is what they are producing.

Apr 19, 2018

Earning less than 50,000 a year is bad? that is offensive

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Apr 19, 2018

This kids a power hungry sociopath that destroys shit for fun. I predict a he'll eventually develop a terrible coke habit.

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Apr 19, 2018

This kid basically just told 80% of America to boycott using 401ks

Apr 20, 2018

I actually don't agree with this kid. Due to the far right radicalism of the average Republican voter now I really think people center and leftwards should arm themselves. Average Republican voters occupy a plane of existence so far removed from reality that they can basically be set off at any time due to whatever the latest Clinton chemtrail conspiracy theory is being peddled on Breitbart. I support gun ownership. To protect ourselves from these damn people.

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Apr 18, 2018

This x 1000. I know all you College Republicans don't realize it yet in your Reagan/Bush 84 T-shirt-wearing bubble, but the GOP has moved far right with all the Obama/Hillary hysteria, propelled by the fear-based propaganda of Fox News. I can't think of a single person in my day-to-day life whom I respect intellectually that holds the GOP/Trump in high esteem.

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Apr 19, 2018

Yeah the Republicans have "moved to the far right" with the election of Donald Trump. The president that:

  • Offered to naturalize 2M+ illegal immigrants;
  • passed a $1.3 trillion dollar budget with giveaways to Democrats everywhere;
  • Offered to bail out Obamacare and believes in universal, government mandated health insurance;
  • Believes in stricter gun control (ban bump stocks and increase legal age to 21);
  • Supports economic protectionism (in favor of government managed trade).

Yeah man, the right wing has really gone off the deep end. Talk about living in a fucking bubble. Anyone right of Bill Maher is probably a "right winger" in your view.

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Apr 20, 2018

More reason to hate millennials. I also hate social media 'influencers'.

Apr 18, 2018
Shaun-Mullins:

More reason to hate millennials. I also hate social media 'influencers'.

Especially the hot girls who think their opinions are "influential" because they have lots of followers. Uh, no--we follow you to see your bikini pics.

Apr 22, 2018

Hogg's a Gen Zer.

Get with the times, gramps.