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No. of Recommendations: 9
There is a useful distinction to be made between ethically challenged management in ok businesses and ethically challenged businesses.

An example of the former would be Aphria, whose previous CEO (and current chairman) bought properties for his own account and flipped them to his company at multiples if what he had paid for them several weeks earlier.)

An example of the latter might be an arms or cigarette manufacturer, with perfectly good economics and honest competent management, but which just makes money in a way that one might find unappealing. Of course we know that someone will supply any product which is in demand, we just don’t want to be involved directly or at a
arms length as a shareholder.

Maybe Boeing qualifies on both accounts?

Avoiding the former is a matter of self-interest, avoiding the second is a matter of (some people’s) principle (not mine).

Regards, Dt

PS Which FAANG qualifies either way? They seem ok to me.
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