Everyone talks about how awesome Warren Buffet is, but nobody talks about how the vast majority of his fortune was acquired from owning Coca-Cola, selling sugar water to the masses, fueling the diabetes and obesity epidemic.
source: https://www.investopedia.com/articles/stocks/08/buffett-best...
>"Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
>I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
>That's the ultimate test of how you have lived your life.
> In part, the shift from using sucrose to HFCS was encouraged by extensive government subsidies of corn farmers, with a majority of U.S. farm policies focused on promoting increased production of inexpensive corn. One study showed that as a result of such subsidies, the consumer price of corn (and its byproducts) remained approximately 25%–30% below cost (of production) between 1997 and 2005 (19). https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2746720/
> As nutrition debates raged in the 1960s, prominent Harvard nutritionists published two reviews in a top medical journal downplaying the role of sugar in coronary heart disease. Newly unearthed documents reveal what they didn’t say: A sugar industry trade group initiated and paid for the studies, examined drafts, and laid out a clear objective to protect sugar’s reputation in the public eye. https://www.statnews.com/2016/09/12/sugar-industry-harvard-r...
As has been similarly said, it costs $100 to make, sells for $1000 and its addictive. What’s not to like about investing in it.
Still not clear where the smart money was.
"change the world for the better, right? right?"