3480 days ago
One of the highlights of my 2013 was Malcolm Stacey’s departure from the Evil Empire and arrival here at ShareProphets and a great memory of 2014 was the day we spent together around the time of the UK Investor Show. Malcolm really is one of the nicest and most decent guys in the world of shares. But what he has written today I fundamentally disagree with – as Malcolm well knows!
3566 days ago
Malcolm Stacey is a very good man. He is an ethical operator in every way. But when looking at the nest of snakes that is AIM that is not perhaps the greatest attribute an investor can have. The Vipers lure you with a line about ethical investing but 99% of the time it is just so much cock.
And so Malcolm today explains why he has invested in a cancer cure company – HERE. A commentator (Mr Wildes) says “quite right switch out of tobacco stocks into ethical stocks” I disagree.
The reality is that when you are buying or selling shares on the secondary market you are not providing fresh capital for a company so you are not funding the development of a cancer cure or of a new brand of cigarette. You are not assisting these projects in any way at all.
As such your only ethical duty as regards your investments is to make as much money as possible. If
