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To: damniseedemons who wrote (14515)11/27/1997 4:15:00 AM
From: Charles Hughes  Read Replies (1) | Respond to of 24154
 
>>>And when you're investing, it doesn't matter what you think about the legal/ethical issues.<<<

Let me count the stocks that have been hammered lately when big lawsuits were filed or lost... Borland, Informix, Intel...

I think the legal stuff *does* matter to investors. If MS were to be restrained in some way by the courts, e.g. if that 1 million a day fine were to become a reality, or if the EU decided that somebody bigger than SCO had been offended and so on and so on...

And there is a growing group of investors for whom ethical behavior does count. You don't want your PR department to have to cope with some ethical investing group classifying you in with the tobacco companies.

Those of us for whom ethical behavior does count in our investing will continue to use it as a criterion. And we reserve the right to discuss it in public. It's not us that should be embarrassed, you know. Lack of ethics is a character weakness, not a strength. In fact we used to just call it lack of character.

It's when money gets involved that is precisely the time that your ethics are being tested for real. Not the only time, but the most common point of failure. As somebody once said, "I never met a man who wouldn't do the right thing when it didn't cost him anything!"

Happy bird day,
Chaz