As a businessman, he was a toughie. Ask many of the folks in the industry who actually hate him. There have been enough allegations about his anti-competitive behaviour.
- First, don't confuse investing and personal belief systems.
- When you're investing in a company, you are doing so SOLELY for making money. For instance, it doesn't matter if you happen to be a non-smoker, it is OK to invest in ITC if you feel that it would increase your wealth. Once you acquire wealth using money generated from investments in ITC, nothing prevents you from using such money to actually contribute to an anti-tobacco campaign
- Learn to distinguish ethical standards of a company and whether it is "investment-worthy". There are ethical companies which have gone bust. There are unscrupulous companies who have swindled investors funds. There are ethical companies who have lasted for a century. And unethical companies which flourish for decades. So far as your investment decisions are concerned, you should restrict your thoughts to the price that you are paying and the likely value of the company. As long as the price is less than the value according to you, you can go ahead and invest. For instance, when Satyam went from a couple of hundreds to sub-30 levels, the price on the ticker was visibly less than the intrinsic value according to many experts. And those who took the plunge, flourished. On the other hand, Infosys, known to be a highly ethical company, in the peak of the 2000 IT boom, was quoting at a PE ratio of over 100. Anyone who invested in Infosys then is probably still nursing his wounds. Again, several unethical companies use every boom to come out with IPOs at huge valuations, only to disappear with the investors money in due course.