Ben Bernanke's Favorite Stock

posted by Jeff MacDonagh

Here’s some interesting commentary by Jeremy Siegel about our new Fed chair’s one and only publicly traded stock investment, Altria.  Two points worth considering:

1)     Mr. Seigel points out why social investors may actually contribute to creating stock buying opportunities for other investors.

2)     Altria’s appeal as a “long-term investment” flies in the face of what social investors claim, namely, that “what comes around goes around.”  A company that externalizes costs onto society to the tune of hundreds of billions of dollars cannot continue to do so indefinitely.  Maybe not, time will tell…