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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (73853)	10/4/2023 4:36:19 PM
From: Harshu Vyas	1 Recommendation Recommended By E_K_S Read Replies (1) \| Respond to of 78666

This is also true. It's a fantastic business - those who are addicts will always pay whatever daft price they have to. I'd go as far to classify them as Buffett businesses. A rare and exceptional moat. To me, it's unethical, though and I won't ever be an investor. Maybe this "soft nature" of mine makes me a lousy investor. Perhaps. It's also the reason why I pass on casinos, strip clubs and cattle farms etc. To be clear, I'm not a saint nor am I fan of ESG. In fact, I actually despise ESG and I think it sets the wrong precedent. However, wherever possible I'd prefer my investments to be as "clean" and as "harmless" as possible. There are instances where my greed has triumphed and, to be honest, I'm probably a hypocrite. My speculative position (now exited) in CONN (a retailer targeting the poorest in society) proved this. Also, the fact I'm bullish on oil... Truthfully, I don't really know what's right/ what's wrong. Maybe it'll come clearer with age. At least, I hope it does, anyway! Best, Harshu Vyas