The following is in response to Adam Apt’s article, Measuring the Cost of Socially Responsible Investing, which appeared last week:
Dear Editor,
This article makes imminent sense, assuming you only look at things from the perspective of investors. Unfortunately, there are others who are involved in the commerce financed by investment activities. As I grew up in the tobacco industry, consider the simple example of cigarettes. Cigarette companies have no doubt provided above-average returns to investors over the years, as growing tobacco did for my family when I was growing up. But they've also caused above-average health care costs, as well as human suffering, to those who consumed their products, such as my wife's family who likely died of smoking.
Gary Moore
Gary Moore & Co.
Sarasota, FL
