Nike, Apple among dozens of major brands implicated in report on forced labour
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Posted Mar 1, 2020, 6:02 PM UTC
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Reports like this come out every year. It's nothing new
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This is a new incidence. Just because they had an incidence in the past, doesn't render new violations as moot.
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Although this has been known or speculated on for a while, this is further confirmation. In the midsts of an already declining market, this doesn't bode well for Apple or Nike.
As a shareholder, I honestly don't care if they do that.
As a human, I do care. But that doesn't mean my investment thesis will change.
If less people buy apple and Nike bc of it it should make you care.
Hershey's has had a huge human trafficking problem for ages and it hasnt touched their sales.
At what point do your morals overtake your investment thesis though?
When my expected utility from following through is greater than my expected utility from investing in my thesis.
It'll have to be reevaluated as time goes on, but presently no. I'd prefer to be invested.