4 ms·
I've never been in the game, so it's hard for me to judge, and too easy to say "yeah! Always do the right/perfect thing". I still appreciate this kind of commen
by jypepin 8y ago
I've never been in the game, so it's hard for me to judge, and too easy to say "yeah! Always do the right/perfect thing". I still appreciate this kind of comments, especially is they help some people, sometimes make a better decision.
But I think it's not always as straight forward as what the article is making it sound.
A few following questions
- Pension funds? How proud should they be about managing their money? I'm sure pension funds do a lot of shady things, have corruption, etc. even the ones for teachers, firemen etc.
- What if your company is doing something very good for the world, but has trouble finding financing. Does it balances out? Is it better to let something great for the world die in the name of not taking dirty money? Or vice versa?
- Where do you draw the line? Related to my first question. A gulf dictator is bad, but corrupted US funds are better? How about taking money from Leman Brothers post-crisis for example?
- timavr 8y agoThe whole premise of good/bad money is misleading. There is legal/illegal, which is super clear. Good/Bad is really up to individual and company to decide. But if someone took Saudi money which US government takes every week during Bill Auction, then they shouldn’t be judged worse then the government itself. And the US uses this money to pay teachers and firefighters which finishes in pension funds, which at this point is clean money, according to Fred.