The Benefits of Ruthlessness
A loyal reader, "S," joins with me in frowning on "social investing," and backs up the collective distaste in our mouths with some interesting data on portfolios borrowed from the always entertaining Long or Short Capital. Long or Short's semi-famous "Satan's Portfolio" is the hedge against the Pax World Funds nonsense, and a good thing too. Looking at the graphic S forwarded me, it is pretty obvious that "investing" in Pax World Funds amounts to giving your money to charity, but without the tax deduction. Still, perhaps you need some capital losses to carry forward?
