“A hasty divestment brought about by student activists will impact a school’s endowment. While oil stocks have been especially beaten down in 2020 thanks to the struggle of OPEC+ to reach a production agreement and the Coronavirus pandemic destroying a significant chunk of demand, oil companies have traditionally been a steady and dependable stock that pays a significant dividend. Losing such a base means that a portfolio that sensibly balances risk and return can take less risk and, thus, should expect a lower long-run return on its investment.”

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