It is seen as a given by the political, media and corporate elites.. Diversity boosts financial returns so is not only desirable but is a moral imperative. But, as I have noted many times, the data does not back this up. Before Christmas BlackRock released a report again pushing this line with the FT and City AM rushing to push the report and its conclusion. Nobody challenges the GroupThink on diversity lest they be accused of being sexist, racist, homophobic or all three. But that BlackRock report was utterly flawed as is demonstrated below.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.