Investment alternatives to high ESG

Investing / Portfolios
21

Fair point, but I would beg to disagree with your “really weird” classifier for my argument.

I disagree with your view as well, but I won’t label it as “really weird”.

ASML. Really cool company. And European listed.

Give me some other “random example” companies in that category? And, for bonus points, give me some where Uncle Sam doesn’t dictate where these companies can export to.

I never meant to engage in a “trade war” of “which companies are best” with you, all I meant was to point out that perhaps innovation happens at different paces and levels when looking at the EU and the US.

The exception – ASML – to the rule perhaps only confirms this.

22

DeepMind.

The problem is that any great tech gets bought out by or migrates to the US.

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23

I … ahem, have a friend … who was involved with DeepMind getting acquired by some larger company. That friend, working for the larger company, looked at things purely from a security perspective, but it was clear, at the time, from a pure business perspective, that no other bids from any European competitors were really on the table.

There were some bids by other Silicon Valley competitors, and they dictated the timeline that our, er, I mean, my friend’s evaluation ran against, but certainly nobody in the close geographical neighborhood of then DeepMind’s headquarters in the UK was in the race.

24

The problem is nobody in Europe has the checkbook to fund this stuff.

Even if they did, they don’t know how to execute.

I had friends who had to modify the structures to sell to the US as they were the only buyers.

Europe is f*cked.

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25

There are more than ASML, in tech ARM is also very well positioned in its field. Beyond tech Airbus is currently fairly ahead of the competition :slight_smile:

High speed (and regular, hello stadler :slight_smile: ) rail has a lot of expertise in Europe (also a lot of the automation standards was setup due to the EU).

ABB and Siemens are well positioned in e.g. electricity transmission tech (like HVDC, those are critical for transitioning the grid)

(and I’m sure there’s more, that’s what came to my mind)

(and for many US/EU companies there is definitely strong Chinese competition, e.g electric cars, trains, it’s really impressive how fast they can become the best in a market when they want)

But definitely how pessimistic people are about Europe is not going to help, Europeans seem to really love self deprecation :slight_smile:

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26

Self-hating? Effacing? The rest of the world boasts for any loud fart they make and we’re worried if speaking will offend someone, somewhere.

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