The Puzzle of Sustainable Investment: What Smart Investors Should Know

In "The Puzzle of Sustainable Investment"," the author addresses misconceptions about ESG investing, emphasizing that there are trade-offs rather than extremes of ESG being either a panacea or a destructive force. Drawing from experience as both a professional investor and educator, the book explores ESG’s impact on risk-return outcomes, the importance of ESG data, and how markets price ESG information. It also discusses impact investing, net zero portfolios, and the challenges of integrating ESG into various asset classes, offering practical frameworks for investors to navigate these complexities.