Forum Archive Index - February 2002

[hugh webber <hugh.webber@clear.net.nz>]

Well each to his own. I still think commercial/industrial property at the 
moment is a very sound
investment so we can agree to differ there.

I used to hold some Sky City inherited from my father but I had these nagging 
moral
scruples about people being sucked into an addiction they were unable to get 
out of and I felt more
and more uncomfortable about owning SKC so I sold them. I'd do the same for 
tobacco stocks when I
think of terminally ill cancer patients dying in agony. I recall some analysis 
that, I can't
remember the term, shall we say morally defensible stocks have been doing 
better than morally
reprehensible ones. 

On one Australian trip I sat upstairs in the Penrith Rugby League Club having a 
few drinks and
watching some sports game with my brother in law. Down below in the gaming 
machine pit we watched a
middle aged woman march in and plonk herself down in front of a machine. Over 
the course of the
next 3 hours she spoke not a word to a living soul and emptied her handbag 
slowly into the machine.
At the end of 3 hours she stood up, stuck her handbag under her left arm and 
marched out. Oh well,
I suppose that was the housekeeping for the week and she could now pick up some 
food parcels for
the kids.

Makes you sort of twitchy getting dividends out of that, tends to give one bad 
dreams at night and
feel on edge.

cheers,
Hugh




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