Nope, all you've described is another type of investment. Buying stock in a company assumes many outcomes that could be very negative for other parts of the eco

Nope, all you've described is another type of investment. Buying stock in a company assumes many outcomes that could be very negative for other parts of the economy. If I buy stock in a tobacco company, it's not to offset an exposure to a comparable risk. And it's also a bet against the broader health of society. Either all investments are casino bets or none of them are. Anything else in between is just subjective bullshit.