Free Money
Free Money with Sloane and Ashby
Divesting From The Prison-Industrial Complex

Divesting From The Prison-Industrial Complex

Standing by while others suffer is bad.

Profiting from their exploitation is worse. And unfortunately, it’s relatively easy to do by accident. Take real estate investment as an example: investors who hold a diversified portfolio of Real Estate Investment Trusts (REITs) are likely to hold shares in GEO Group (NYSE: GEO) and CoreCivic (NYSE: CXW).

GEO describes itself as a “global leader in evidence-based rehabilitation.” CoreCivic says it’s a “diversified, government-solutions company with the scale and experience needed to solve tough government challenges in cost-effective ways.” But they both do the same thing: operate prisons for profit. And they’re both members of the Russell 1000 and the S&P 400 Midcap index. Which means you might own them right now.

How many other problematic companies might have snuck into your portfolio? We reached out to Jay Lipman, a co-founder of sustainable asset manager Ethic, to hear more about what’s out there and how to stay away from the worst of it.

Our conversation starts at 11:43 if you’d like to jump right to it, but if you listen to the whole thing you’ll also hear about how Mario Kart almost ended Ashby’s Marriage, Goldman Sachs’ massive $3.9 billion settlement, and what we’re reading to take our minds off of the ongoing collapse of civilization.

We’re pleased to announce the launch of the Free Money Atelier, which makes beverage and apparel solutions previously reserved for only the largest institutions available to the general public.

Our products include:

  • Underwear (now 40% off!)

  • Bibs (for infants or messy, small-necked adults)

  • Our signature Portable Alpha strategies

But wait, there’s more! Purchases over $35 ship for free, so an excellent trade execution is assured.

Visit the Free Money Atelier

Free Money
Free Money with Sloane and Ashby
Sloane Ortel and Ashby Monk explore what's holding the world back from investing in progress, answer the questions on the minds of people in the know, and deliver the Brooklyn-Bay Area consensus about institutional investing that you desperately crave.
Listen on
Substack App
RSS Feed
Appears in episode
Sloane Ortel