There is a theory that if you want to have real investment success, you should go for the companies that are producing things that are bad for you. Or humanity in general. So weapons, alcohol, tobacco, items like that. This might be true, but I had some moral issues with that strategy. But there is a big element of truth in it. And then I remembered a quote that says:
All the things I really like to do are either illegal, immoral, or fattening.
This is a quote from Alexander Woollcott, an American critic and commentator for The New Yorker magazine in the early 1900’s. It’s sort of the same, but seems less vulture like, so I am going to see where this will lead me.
- illegal
- immoral
- fattening
So what companies will fit this? There is an obvious problem with the illegal part here of course, I can not buy (or want to, but that’s again something else) shares in Colombia Cocaine Ltd. or companies like that, but with Marihuana legalization sweeping the world, I think we can go there. Fattening will be easy of course, but where do we go for immoral companies, because I think companies might object to me calling them immoral…but if I try to look at it like I am a strict religious person from the 1900’s, I am sure ‘ll find some good companies. Alcohol and jewelry companies were probably pretty immoral in the eyes of a stern church man in Woollcott’s time. Fot Example!