Today, David Hogg let his followers know his newest target for an anti-gun boycott. He wants them to boycott money managers Blackrock and Vanguard. Why, you may ask should these firms be the subject of a boycott? Hogg says that they "invest" in gun manufacturers.
This is a new low for Hogg. He was in the building in Florida during the shooting in Parkland. He has parlayed that into becoming a national anti-gun figure. He criticizes and screams non-stop. No one is allowed, however, to criticize him because he is just a teenager and he was there during the shooting. But let's look at the latest boycott threat. Blackrock and Vanguard do, indeed, run mutual funds that invest in some gun manufacturers. The main ones are S&P index funds. That sort of fund invests in every stock included in the S&P 500 index. The mutual fund is meant to mirror the movement of the S&P index, so it has to include everything in the index and that means some gun manufacturers are in the mix. To be clear, Blackrock and Vanguard to not choose gun manufacturers for investment; they choose all companies that S&P includes in its index. Clearly, Hogg doesn't understand what he is saying.
I wonder what is coming next. Will Hogg want to boycott all companies that use the letters g, u, n, or s in their names? Will he want to boycott all media companies that cover shootings? Maybe he will just pick names at random and boycott them?
Last month, the big story on Hogg was that he didn't get into the colleges he wanted. He decided to take a year off to focus on activism. Seeing his latest move, maybe he should reconsider. He could take a course in critical thinking.
This is a new low for Hogg. He was in the building in Florida during the shooting in Parkland. He has parlayed that into becoming a national anti-gun figure. He criticizes and screams non-stop. No one is allowed, however, to criticize him because he is just a teenager and he was there during the shooting. But let's look at the latest boycott threat. Blackrock and Vanguard do, indeed, run mutual funds that invest in some gun manufacturers. The main ones are S&P index funds. That sort of fund invests in every stock included in the S&P 500 index. The mutual fund is meant to mirror the movement of the S&P index, so it has to include everything in the index and that means some gun manufacturers are in the mix. To be clear, Blackrock and Vanguard to not choose gun manufacturers for investment; they choose all companies that S&P includes in its index. Clearly, Hogg doesn't understand what he is saying.
I wonder what is coming next. Will Hogg want to boycott all companies that use the letters g, u, n, or s in their names? Will he want to boycott all media companies that cover shootings? Maybe he will just pick names at random and boycott them?
Last month, the big story on Hogg was that he didn't get into the colleges he wanted. He decided to take a year off to focus on activism. Seeing his latest move, maybe he should reconsider. He could take a course in critical thinking.
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