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MoneySense Magazine, February/March 2007
Confessions of an unethical investor
I own a lot of nasty companies — and what’s wrong with that?
All right. I’ll show you mine if you promise not to sneer. Is that a deal?
I’m talking about my portfolio, of course. For starters, let me reveal my single largest holding. It’s Wal-Mart. Yep, that’s right: the Beast of Bentonville, the much-despised colossus of discount retailing. And, no, there’s no need for you to phone. I can hear your boos and hisses as I type.
But, hey, you said no sneering, remember? So let’s move on. After Wal-Mart, I’ll also admit to fairly significant holdings in Dell — you know, the computer maker that’s shifting jobs to low-wage destinations overseas — and a stake in Anheuser-Busch, the giant booze merchant. I’m in bed with Molson Coors, which makes a lot of the suds that Anheuser-Busch doesn’t, and I’ll even ‘fess up to owning a chunk of Rupert Murdoch’s News Corp., which among other things purveys Fox News, the right-wing squawk box.
I think you get the idea. To many people, I’m someone who doesn’t let questions of right or wrong get in the way of his investing. I’m beyond shame, a black-souled capitalist, the very picture of an unethical investor. And you know what?
I’m OK with that.
MoneySense Magazine, February/March 2007








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