If you write about personal finance long enough, you find yourself walking some well-worn ground. After a while, it seems we all take a crack at the same tired problems that so many other writers have over the years.
We’ve all written about paying off consumer debt. And who hasn’t had a hot take on a way to be just a little more frugal?
So with my apologies, today I’m writing about a subject that you’ve all heard about too much these days: genocide, and why it’s not good.
Vanguard sent us some mail the other day: a fat envelope with a proxy vote inside. Vote for this old geezer or that one to be on the board to, I don’t know, maybe run a mutual fund or something. But then buried in the middle of the thing was Proposal Seven:
“Proposal 7—Also, shareholders of certain funds will be asked to consider a proposal submitted by one or more shareholders to: Institute transparent procedures to avoid holding investments in companies that, in management’s judgement, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights. Such procedures may include time-limited engagement with problem companies if management believes that their behavior