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by djcapelis
3224 days ago
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I created my HN account 2884 days ago and this comment is the first time in a long time I’ve felt this forum has had some serious conversations about the conflicts between ethics and profits. I am so glad to see people questioning the means leading to financial ends. Thank you for directly bringing the dynamics of how financial incentives are impacting the reality we live in into the conversation. I sorely hope the person you responded to manages not to feel too attacked and gives a frank and truthful answer on where their line is with respect to not wanting to profit off a corporate scandal. It is going to be important to understand. Activism is going to have a tough road of making an impact on corporations if there’s no market response or impact to help dissuade when companies engage in immoral, unethical or downright bad dealings. |
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Nope, never felt attacked. Takes a lot to get me riled.
I don't go seeking companies that break laws to enhance profits.
However, I did notice a long time ago, that constant publicity will have an effect on stock price. This is fairly common knowledge. Bad publicity and "public outrage" will frequently result in lower stock prices. So I take a look at their underlying business, see if its sound, then make a bet (buy shares) that the public will move on shortly.
Is that profiting on corporate scandal, or market (public sentiment) overreaction? Up to you to decide.