A few days ago I was surfing the 'Net when I came across this article on SocialFunds.com, about "socially responsible" investing, or SRI. The guy quoted in the article -- director of a funds management company -- says that smaller companies focused on a single service -- like sustainable living, alternative energy, etc. -- are less likely to be involved in "big uglies" like the defense industry and oil. Therefore these smaller companies are the ones he recommends to his clients.
"Big Uglies"? Getting behind companies you believe in is 100% Rule #1, but avoiding certain industries because of some arbitrary idea of right or wrong isn't what Rule #1 Investing is about at all. Truthfully, guys like this give me the creeps.
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