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Author: TMFFoolsRushIn Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2247  
Subject: Re: Free Enterprise Action Fund Date: 5/23/2005 10:21 AM
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<<The "about the fund" blurb doesn't really describe what they intend to do with your money. They say they are against CSR and SRI initiatives. But that seems to be it. That by itself is not a very good mission statement. "Whatever they are for, we are against." Sounds like Republican vs. Democrat party-think to me.

Finally, it seems to be rooted in the philosophy that making money at all costs is good in and of itself. You're not going to find many supporters for that viewpoint on this board.>>

I have to agree. The fund's primary purpose seems to be to stick it to the "activists." That seems as if it isn't a very sound foundation on which to build something, but hey, more power to 'em if it works.

I also think that whoever wrote the blurb is unfairly blurring the distinction between SRIs and "activists" from that group. He's painting with a brush that's too broad. I'm just a beginning investor, but I like to consider myself an SRI. I already try to make socially responsible choices in terms of where I shop and what companies/countries make the products on the shelves. But that's it. I've never picked up a placard and marched in front of any company's corporate headquarters. I simply choose to let my wallet do my talking, by taking my money elsewhere. I suspect that there are more SRIs who follow this philosophy than there are outright activists.

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