Forum Archive Index - July 2001

["Chris Watson" <cgwatson@zfree.co.nz>]

One-night-stands are also 'punts', but the consequences - for better or worse - 
remain.


-------------

>I contributed to this thread at the beginning, before the discussion about
>the morality  of  various investments began,  and have followed it with
>interest subsequently.
>I was not going to comment on the morality aspects of investing in gambling
>stocks but find myself now somehow forced to do this because of the numbers
>of you who seem  to be against it.
>To all of you who espouse this view I would pose the following simple
>[rhetorical] question.
>Are not all "investments" in shares simply  "punts"?
>
>Cheers,
>John
>
>
>               -----Original Message-----
>               From:   Chris Watson [mailto:cgwatson@zfree.co.nz]
>               Sent:   Friday, 27 July 2001 13:41
>               To:     Roley Rackley; sharechat@sharechat.co.nz
>               Subject:        Re: Re: [sharechat] Ebet: Time for a punt? /
>Ethical Investing
>
>               It is a matter of choice - right and wrong choices.  Don't
>underestimate the significance
>               of putting your money behind a company and the products it
>delivers.  In effect,
>               you are funding whatever they produce, including all the
>spiritual and socio-economic
>               consequences that go with the product.
>
>               It's alot easier of course to conveniently ignore what it is
>you're investing in
>               but then what you end up doing is bowing before Mammon (i.e.
>the love of money),
>               and that is the root of all kinds of evil.  If you do that,
>then you have no credibility
>               criticising anyone else who makes a fast buck out of
>whatever - prostitution, guns,
>               germ warfare, whale culling, seal slaughtering, abortions,
>hired killing, etc.
>
>               Where your funds go, a part of you goes too.
>
>               CW
>
>               >
>               >Grant
>               >I share your views and trade accordingly
>               >Roley
>               >R O Rackley
>               >Auckland
>               >New Zealand
>               >  ----- Original Message ----- 
>               >  From: Grant Keymer 
>               >  To: sharechat@sharechat.co.nz 
>               >  Sent: Wednesday, July 25, 2001 8:43 PM
>               >  Subject: Re: Re: [sharechat] Ebet: Time for a punt? /
>Ethical >Investing
>               >
>               >
>               >  At this point I will add my voice in support of Jerrold
>too:
>               >   
>               >  I personally don't invest in certain shares which my
>conscience can't >handle,
>               such as cigerette, porn,
>               >  and gambling companies 
>               >   
>               >  For the same reason I won't hold SKC and I am also not
>keen on CLH >(ASX) as this
>               company makes a lot of its money by collecting debts from
>>bankrupt people.
>               >   
>               >  Don't get me wrong -- I'm not saying there isn't a need
>for the >services provided
>               by such debt collection companies.  Just that I would
>>rather not make money leeching
>               off the backs of people who have probably >suffered enough
>already.
>               >   
>               >  Obviously by adopting this approach, I am turning my back
>on good >profits to
>               be made, especially in the case of SKC this year.  But there
>>are plenty of other
>               opportunities to make money in the markets, and I >would
>rather be selective about
>               the ones I put my money into.
>               >   
>               >  There has been considerable debate about Ethical
>Investing on the >other channel.
>
>               >  I wonder how many other ShareChatters feel the same way?
>               >  Interested to hear all points of view.
>               >   
>               >  Grant Keymer
>               >  ____________
>               >   
>               >
>               >
>               >
>       
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