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Barry Ritholtz: Religion and Politics Don’t Mix With Investing: (BLES)
Believing that making money any way you can no matter the consequences is also a political ideology. It's called libertarianism. So even if you just index without thinking of what it means to increase the market value of, say, tobacco, gun or oil stocks, with your money, you are making a political statement that you just don't give a damn.
A friend's late stock-broker father apparently advised, "Buy big companies that pollute." Unfortunately, mutual fund investors probably do own such companies unless we apply some rigorous screen.
A friend's late stock-broker father apparently advised, "Buy big companies that pollute." Unfortunately, mutual fund investors probably do own such companies unless we apply some rigorous screen.
Correct. Companies, corporations and Markets don't care who suffers, as long as money is made. It's capitalism. But I don't think there is a PERFECT economic system somewhere out there, either. Seems to me that socialism takes people more seriously than potential profits, though. It's in the very NAME. Look at Europe. ...Actually as long as we have that crazy, dangerous, ignorant, myopic Clown in charge, not many countries are less enlightened than the USA.
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