As one of three external participants in a lecture on the subject of “Sustainability of Investments”, I was able to witness how young students at the University of Vaduz were to be convinced of a green wave in asset management. The head of the banking association, Tribelhorn, struggled honestly through his presentation and showed that the supranational ideological madness has also found its way into the banking business on this topic. You are fighting climate change in your portfolio, so to speak. So far so good. However, the instruments to achieve this are very questionable, since the definition of “green investment” is not clear and the previous positive performance of selected investments is apparently largely driven by demand and less by company profits. The main problem is not convincing the banker to offer more green portfolios to bank customers, but teaching customers that the funds they invest should change the climate.
The representative of the FMA who was present immediately pointed out that there was no resistance to this development in the country’s banks. However, the price development of a bitcoin shows us that the state-mandated demand for green investments alone does not necessarily result in sustainable profit for bank customers. With the exception of one student, I am probably all alone with these theses.
There was also the objection from the teaching staff that ethics should also have a home in a portfolio. Unfortunately, I can’t remember ever actually having ethics with capitalism, and I must have seen connections with so much unrealistic idealism in the ivory tower of science with a smile.

Jens Ocker,
Landstrasse 340, Triesen