Rick Stone earned his J.D. from Columbia Law School, Mr. Stone has amassed extensive legal expertise, dating back to his earliest experience as a law clerk for the Honorable Charles Sifton of the United States District Court for the Eastern District of New York. Rick is a former partner at one of the countries oldest law firms, Cadwalader, Wickersham & Taft. He has been Lead Counsel on several major high profile successful consumer and securities class actions. Rick dedicates a substantial portion of time to philanthropy and is involved with numerous local and national charities such as the Community Foundation for Palm Beach and Martin Counties. Currently, Rick serves on the executive committee of Junior Achievement of the Palm Beaches, and teaches economics at Palm Beach Lakes High School as part of its volunteer program that teaches pre-law programs at local high schools. Rick is an adjunct law professor at Shepard Broad Law School, Nova Southeastern University. He is President and Co-Founder of the Palm Beach Investment Research Group Inc., a membership based not-for-profit corporation comprising a group of family offices and other active investors.
Join us for an engaging fireside conversation with Rick Stone, a prominent figure from the Palm Beach Investment Research Group. This exclusive group, formed by a network of family offices and dedicated investors, focuses on exploring the dynamic landscape of family office investments. Rick will share valuable insights from his own family office and discuss the collaborative investment approaches within this elite circle. The discussion will delve into a spectrum of topics, from macroeconomic elements like interest rates and foreign exchange dynamics to diverse investment domains such as listed stocks and bonds, direct and private lending, hedge funds, private equity ventures, and the evolving realm of cryptocurrencies. This session promises to be a deep dive into the trends and strategies shaping today's investment world.
Speakers: Rick Stone
ESG (Environmental, Social, and Governance) investing is becoming increasingly popular, as more investors recognize the potential financial benefits of considering a company's environmental and social impact in addition to its financial performance. However, there are also a number of issues that have arisen with ESG investing.
Our event will discuss a few of the many issues that have arisen with ESG investing. However, it's important to note that as the ESG investing field matures and more data and guidelines become available, these issues may be addressed. However, we think that the playbook that is being written can not be is incomplete and needs to take in points of view from a diverse section of stakeholders, not just financial professionals.
The Securities and Exchange Commission (SEC) is the primary federal regulator of securities markets in the United States. The SEC has not established specific regulations or guidelines for ESG investing, but it has issued guidance to companies and investment advisers regarding their disclosure of ESG-related information.
In February 2020, the SEC issued interpretive guidance that addresses the application of existing SEC rules and regulations to climate change-related disclosures by companies, in particular, “in the context of their business and their financial condition, including how their businesses and financial condition may be impacted by climate change risks and how companies are managing those risks.”
The SEC also clarified that ESG disclosures and performance should not be misleading or inconsistent with other financial disclosures to the SEC, and that companies should be consistent in the way they report their ESG data and performance.
As for investment advisors, SEC has provided guidance stating that Advisers to investment companies, should consider how Environmental, Social, and Governance (ESG) factors may be relevant to the fund’s investment goals and strategies, and how they would integrate such considerations into their investment process.
In summary, while the SEC has not established specific regulations for ESG investing, it has issued guidance that companies and investment advisers should be transparent and consistent in their disclosure of ESG-related information and not making misleading claims.
Resources listed below provided courtesy of Duel Glass, Principal
1. Blanket bans on fossil-fuel funds will entrench poverty An article in Nature.
2. Household air pollution World Health Organization article
4. Saudi Aramco: Biased ESG Policies Will Undermine Energy Security | OilPrice.com
5. Why The White House Is Wrong About Oil Major Share Buybacks | OilPrice.com
6. Bettering Human Lives - Liberty Energy ESG Report - libertyenergy.com
7. Liberty CEO, Chris Wright, Responds to WSJ Article - libertyenergy.com
8. Chris Wright - Energy & Health Presentation.
9. The Dual Challenge: Energy and Environment | Scott Tinker | TEDxUTAustin
10. The Switch Documentary - YouTube
14. Archive - Energy Talking Points by Alex Epstein
15. Resources from Alex Epstein | Center for Industrial Progress
16. The Moral Case for Fossil Fuels | Alex Epstein | Talks at Google - YouTube
17. MCFF Handout 20160708 Summary of The Moral Case For Fossil Fuels
Speakers: James Trapp, Rick Stone, Theresa Gusman, Duel Glass, and Ravi Gupta MD
Fireside chat with Rick Stone of Palm Beach Investment Research Group, a membership based not-for-profit corporation consisting of a large group of family offices and other active investors. The discussion will cover a range of trends emerging from single family office investment appetite. Rick will provide insights into his family office and the club of families that invest in various alternative investment strategies. The conversation will cover macro economic trends like rates and foreign exchange, listed equities and debt, direct lending, private debt, hedge funds, private equity, cryptocurrencies and more.
Speakers: Michael Corcelli and Rick Stone
Fireside chat with Rick Stone of Palm Beach Investment Research Group, a membership based not-for-profit corporation consisting of a large group of family offices and other active investors. The discussion will cover a range of trends emerging from single family office investment appetite. Rick will provide insights into his family office and the club of families that invest in various alternative investment strategies. The conversation will cover macro economic trends like rates and foreign exchange, listed equities and debt, direct lending, private debt, hedge funds, private equity, cryptocurrencies and more.
Speakers: Michael Corcelli and Rick Stone
As we continue to find ourselves in one of the most challenging years in modern times, it is critical for all of us to understand how the disposition and sale of impaired and charged off loans are being addressed in this complex and dynamic time. Our panel of experts have insights to share from many years on both the buy and sell sides of this critical piece of our economy. Join us to learn what to expect and where they see the current and future opportunities.
Speakers: Antonio Zuniga, Yonel Devico, Michael Ardisson, William Douning, and Rick Stone
PBIRG is a membership based not-for-profit corporation in Florida; comprising a group of high-net-worth individuals that are active investors, investment professionals, and family office members and executives. Members share and benefit from the group’s collective investing intelligence and from monthly presentations by targeted investment professionals. Members are diverse but many are entrepreneurs who have transitioned to being full time investors; and who wish to participate on a monthly basis in a peer-to-peer learning experience that is independent from major institutional investment advisors. Most group events take place in Palm Beach, one of the wealthiest and most exclusive locales in the world. Group events provide a safe, collegial and stimulating environment for members to discuss and share actionable investment ideas, as well as other issues relating to significant wealth. Members, by virtue of their financial resources, can be overwhelmed by investment advisors and offerings of all kinds. The ability to discuss opportunities in an unbiased and trusted environment of peers that are not selling products/services is therefore one of the major benefits of membership.