MCsweet,
I like what you say. However, I wanted to probe this a bit deeper if you don't mind. :)
How far do you take this rule?
Are banks - who have been screwing their customers - out?
GS?
Insurance companies - most of them make money by either overcharging their customers or wiggling out of payouts?
HI - mortuary business based on pushing grieving relatives high cost products?
For-profit-education?
Drug companies that have been accused (and settled more than once with FDA/regulators) on pushing their drugs through doctor wine&dine and consumer marketing? (+ possible overcharging for unique drugs; + hiding safety issues )
Traditional Chinese Medicine - placebo/unproven results?
Nutritional supplements - same?
Multi-level marketing schemes?
DELL - sales of defective computers?
INTC - monopolistic destruction of competition?
MSFT - same?
IDCC - patent troll?
Cigarette companies?
Booze companies?
Junk food companies that ruin people's health (yeah, KO & PEP are there)?
Monsanto?
BP?
(I skip political issues like defense contractors).
Just wondering where to draw the line.
Disclosure: I own stocks in pharmas, nutritional/TCM companies, oil companies, defense contractors, insurance companies, HI, GS, IDCC, some banks, MSFT. I could buy stocks in for-profit education, DELL, INTC, booze companies, junk food companies. I don't buy cigarette companies, meat industry, MLM, payday lenders. My ethical standards are very inconsistent. :) |
