The Motley Fool Discussion Boards
Investing/Strategies / Socially Responsible Investing
|Subject: Re: The Myth of Socially Responsible Investing||Date: 8/11/2005 11:58 AM|
|Author: Imaginistics||Number: 2122 of 2249|
One is reminded of the joke in the book The Little Prince
where the businessman explains buys and sells planets and
is asked by the Little Prince why. To make money, he replies!
And what do you want money for asks the Little Prince. The
man replies that by having more money, he'd be able to buy
more planets, of course!
We may "invest to make money, not to save the world" as you say,
but why do we want to make money in the first place? Money
is a means to an end, not an end.
However you define your "ends" it boils down to living well with satisfaction and fulfillment and being at peace with the world around you. It's hard to believe that a (non pathological) person
could ever fully obtain those things if they were fully aware of their close aiding and abetting of things they felt were morally repugnant.
So once you know what you personally classify as morally
repugnant (in this case murderous behavior towards African
children, being the example you provided) then defining
the spectrum from "distant almost impossible to avoid involvement"
to "directly aiding and abetting" is how most folks would probably
end up deciding when they are comfortable investing and when not..
What's sad to me is that we even need to have some of these
discussions (I speak of society and no single poster here)
as it used to be just obvious some decades ago but in recent
decades, probably since the 80s it has been "uncool" to
actually (gasp!) care about the wellbeing of fellow human
beings more than about money...caring about other
human beings more than about money is among the most basic "moral
values" issues I can think of (as well as