Monday, October 07, 2013
Would you invest in slavery?
Blue and Green writes a long article on the subject and arrives to the conclusion that they would not invest in the slave industry. The reason, if I read it correctly, is that 200 years ago a group of London quakers founded Cadbury and Barclays Bank and got sensationally wealthy, while avoiding like hell the slavery business. The implication is that slavery is a lemon, a bad investment. Now let me study the matter. Should I wish to invest in slavery, what stock or vehicle would they advise? Do they pay good dividends? Without financial indicators, their advice is worthless, idle palaver, probably taylored to promote their own stock, like most investment advisers. I am not taking my investment advise from Blue and Green.