----- 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
