Steve Bainbridge says he likes the idea of
[A] fund whose investment portfolio consists of companies selected specifically to annoy people like, say, Kos. Of course, we'd want a diverse selection of high performers too. After all, making a lot of money off such a fund would only further annoy the socialist left.
So he’s looking for portfolio suggestions.
Actually, I came up with something very similar in a previous post:
I thought there might be some value in a new type of socially responsible investing . . . [M]any companies that seek to maximize shareholder value are despised by social activists with their own agendas that have nothing to do with shareholders. I am thinking about generally well-managed companies like Wal-Mart, McDonalds and Coke that have come under attack for producing legal products that people want to buy. So that’s my version of a “social responsibility” fund.
To which I would add ExxonMobil.
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