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Capitalizing on Death


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Capitalizing on Death

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  #1 (permalink)
Market Wizard
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In trading it is very dog eat dog, I'd gladly take your money as you'd gladly take mine that is the game we all play. But when do we draw the line if there is one. I for one don't mind making money when there are news events or things like that but what happens when possible innocent civilians are killed and there is a possibility to make money.

What i am referring to is the current virus is china, this has the possibility to get a lot worse. Certain Chinese companies are already up 10% on the news and IF more people die/get infected I am sure it will continue to rise not to mention possible US companies who have the drugs to fight this would see a bump as well.

So my question to you as the trader/investor do you trade this when innocent people die?

Not to get political but I am sure some will compare this to the latest bombing of the Iran gov official. In my mind that is different you commit crimes against the innocent then you get what you get.

I for one am a little divided, if this gets much worse then maybe I could swing it as I look for these companies to stock up on these supplies in case it comes to the USA.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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I think you enter the fray with a purpose.

So, in that regard duplicity is often a choice.

I wont trade the tobacco stocks. I do not target for ownership non US companies.

Some people won't trade gun stocks or alcohol or weed stocks. There are always political motives encouraging boycott or divestiture for one reason or another.

For me, I have a hard enough time executing at a high level to add layers of complexity. That said, I started to look for a solar or wind company...not because I'm green...I'm not specifically. But if there is an opportunity that fits, I'll consider it.

Conversely, pun intended, as long as Nike supports that douche bag Kapernick I won't consider them...in fact I'll never purchase their product.

So I guess at some level duplicity has a price.

My 2 cents.

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I think in a similar manner to you and have in the past struggled with the same type of question. However this recent disease outbreak and the subsequent rise in certain biotech stocks I don't have any issue with, this is a good example of capital allocation and free markets working well. These companies having their share price inflated and market capitalization increased will put them in a good position to take in more capital by perhaps issuing more shares or debt and therefore perhaps tackling the virus quicker.

However when investing I for example avoid the gambling sector like the plague, they are a lot of the time very profitable but their business model is appalling, they need to get people addicted and to play the games long enough so they can extract their hard earned money, the temporary joy the customer may feel is simply squashed out if they keep coming back for more, imo me they don't bring anything to society and the world would be a better place without them. Tobacco companies fall into the same category, alcohol is more of a grey area for me, imagine all the good people who wouldn't have been alive bc of the liquid courage lol.


Velox

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veloxtrader View Post
I think in a similar manner to you and have in the past struggled with the same type of question. However this recent disease outbreak and the subsequent rise in certain biotech stocks I don't have any issue with, this is a good example of capital allocation and free markets working well. These companies having their share price inflated and market capitalization increased will put them in a good position to take in more capital by perhaps issuing more shares or debt and therefore perhaps tackling the virus quicker.

However when investing I for example avoid the gambling sector like the plague, they are a lot of the time very profitable but their business model is appalling, they need to get people addicted and to play the games long enough so they can extract their hard earned money, the temporary joy the customer may feel is simply squashed out if they keep coming back for more, imo me they don't bring anything to society and the world would be a better place without them. Tobacco companies fall into the same category, alcohol is more of a grey area for me, imagine all the good people who wouldn't have been alive bc of the liquid courage lol.


Velox

One difference is that the companies that might develop a treatment for this virus didn't deliberately release the virus into the population, but the gambling companies are suckering the gamblers in and the tobacco companies are deliberately addicting the smokers.

I think there's a big difference there.

I do agree somewhat with @MiniP that any drug companies that see their share price move up are benefiting from the suffering of others. I can see the point. If anyone is happy to be making a profit off of illness, that's repellent.

But what if a company announced they had a cure for, say, cancer? This would both be a good thing for the world and it would be something you would want to be invested in (or actually, to have been a backer of before the announcement shot the price up.)

I wouldn't want to profit off of misery, but I would be happy to profit from backing a cure.

I don't know anything about these companies, or what their prospects for having a cure might be, and I definitely do not want to be celebrating a new disease because of the profit potential it provides to a drug company. I would want no part of that motivation.

I do think it's fine to have companies in the business of finding cures, and if they have a chance of finding a treatment, then I'm in favor of their doing that. I would not be in favor, for example, of the treatment being priced so high that almost no one could afford it; that's price gouging and qualifies as profiting from suffering, in my view.

So it could be a good or a bad thing, depending on what develops.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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One difference is that the companies that might develop a treatment for this virus didn't deliberately release the virus into the population, but the gambling companies are suckering the gamblers in and the tobacco companies are deliberately addicting the smokers.

I think there's a big difference there.

I do agree somewhat with @MiniP that any drug companies that see their share price move up are benefiting from the suffering of others. I can see the point. If anyone is happy to be making a profit off of illness, that's repellent.

But what if a company announced they had a cure for, say, cancer? This would both be a good thing for the world and it would be something you would want to be invested in (or actually, to have been a backer of before the announcement shot the price up.)

I wouldn't want to profit off of misery, but I would be happy to profit from backing a cure.

I don't know anything about these companies, or what their prospects for having a cure might be, and I definitely do not want to be celebrating a new disease because of the profit potential it provides to a drug company. I would want no part of that motivation.

I do think it's fine to have companies in the business of finding cures, and if they have a chance of finding a treatment, then I'm in favor of their doing that. I would not be in favor, for example, of the treatment being priced so high that almost no one could afford it; that's price gouging and qualifies as profiting from suffering, in my view.

So it could be a good or a bad thing, depending on what develops.

Bob.

@bobwest This is a very, very sad and unfortunate situation, but this is how an economy goes for centuries and even millennia.

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