Mark Neuman, CIO and founder of Constrained Capital, joins Ben Carlson and Michael Batnick on the Animal Spirits Podcast to discuss stocks that have been orphaned by ESG investors, the process of constraining capital for these type of investments, and how politics surrounding these companies has an impact on investing. “The ESG orphans are the exclusions from the ESG bubble of the past decade. The result from this is misallocation of capital and malinvestment, which creates these opportunities and distortions in the markets,” says Neuman.