Free Speech Friday: One Amendment Down – 8 To Go

The source, an investment-focused blog post titled "Free Speech Friday: One Amendment Down – 8 To Go," warns investors about the concept of Political Risk Management (PRM) in what the author terms an "Authoritarian Market." The author argues that President Trump's alleged use of political power to target companies like Disney over an employee's perceived slight has established a chilling precedent, forcing corporate America to prioritize political compliance over traditional business risks. This new environment means companies must now institute drastic measures to monitor and control employee speech to satisfy Friends of Trump (FOT) and avoid being targeted by political retribution, creating new investment strategies that favor companies with proximity to power and those selling compliance-related services. The piece suggests that investors must now factor in an Authoritarian Risk Premium (ARP), as political threats, rather than economic fundamentals, increasingly govern market behavior.