Monday, April 30, 2018
Not ironic, just good salesmanship
Tom Gresham of 'Gun Talk' is a clear thinker. He manages to stand back and observe the situation objectively, avoiding the tired nonsense that infests "both" "sides" of the "Robust Debate" and "National Conversation" on guns.
He missed the standback on one item yesterday. He noted the irony and hypocrisy of university endowment funds. The universities constantly screech anti-gun propaganda, but the endowments hold plenty of shares in gunmakers.
Not hypocrisy at all, just smart stock manipulation. Talk up the stock you own.
When people fear a shortage is coming, they buy up the product that is supposed to be short. Well known in the context of banks and grocery stores.
Same here. The universities and media create a highly credible fear of incipient confiscation, and the gunmakers profit from the fear. The endowment funds take some of the profit.
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Later: Here's a more specific article on the subject. Since KREM featured it, we can safely assume this is a national push by Bloomberg to force endowments and pension funds to divest. KREM always serves the Sorosians.
Incidentally, I still have some money in the Wash State pension fund discussed by the article. When I left WSU in 2002, I decided to leave the automatic deductions in the fund. It has done well, with an average return of 6% every year. Unlike other 'progressive' states, Wash has a tradition of good money management which Demon Inslee hasn't yet ruined. I suppose he will break the pension fund now that Bloomberg is pressing the issue.
¶ 3:51 AM 
