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…