| Moderated By: Black Dahlia -- (Not Moderated) -- Started: 8/17/1997 6:13:00 AM Revision History |
GOOD versus EVIL
For what return on investment would you sell your soul?
A disturbing article in this week's Village Voice found that deliberately investing in the most thoroughly evil and despicable corporations may be an extremely profitable strategy. In the last 5 years, the Dow Jones Industrial Average has risen a heady 143%, but investing in only the absolute worst corporations would have yielded an astounding 378% profit! "Socially responsible" investments also outpaced the Dow, gaining 170%.
As an experiment to compare socially responsible investing with sociopathic investing, I propose to track the forward performance of 2 hypothetical portfolios: the GOOD 13 and the EVIL 13. (My first post to this thread will provide the specifics.)
Hypothetical $13,000 investments in the GOOD 13 and the EVIL 13 will be followed and compared with the DJIA. Any bets on which will pull ahead in the months/years to come?
Meanwhile, I hope other folks will ponder these important issues, and contribute thoughtful discussion on the role of ethics in their own investment decisions.