----- Original Message -----
Sent: Thursday, March 18, 2004 7:11
PM
Subject: Re: Re: [sharechat] Mining and
Forestry Stocks reply TA
Just as in Law - Ignorantia juris haud excusat ,
Ignorance of the law is no excuse . Similarly in ethics there is no
convenient half way house . You are ethical or you are not . No good saying
you do not know what are the ramifications as to the activities a company
or investment you choose involves itself in.. You should make it
your business to find out .Of course there are limits to how far enquiry
can proceed. This is the prescription for those who want to adopt a holier
than thou position.
Unfortunately pragmatism is the oil
that lubricates how a burgeoning population interacts and operates
in an increasingly more and more complicated world. A world full of Mary
Poppins` would grind to a halt..
Lead balloon though the
proposition is - I see Forex speculation (there is no more sanitary
word for that activity) as perhaps the most harmful activity .
Don`t just blame the George Soros`for creating tidal waves that can
disrupt economies . It is the combined effect of individual speculators as
well . Profiteering without a drop of sweat from the forehead . One
coral does not build an island but they each contribute to an outcome . I am
no Mary Poppins but I could not deal in Forex as a speculator . Nor would I
deal in property ( domestic that is ) speculating in that field you are
playing around with the dreams of young couples aiming for a
first house and then family. No way ! At least with shares
per se one is not dealing in necessities of life required
by others. Futures traders in commodities could be argued as
a negative activity from a social point of view as well. Where
does the list end ?
David
Stevenson
See IRG research reports
