A Shareholder Asks Some Inconvenient Questions
In addition to being a financial journalist, I work in money management, where I help design and manage funds that invest in stocks and bonds. My focus has always been on choosing securities based on investment quality, not on the political positions that a company may take. That practice has been rooted in the expectation that the companies in which we invest are focused on delivering shareholder return, and that any political involvement it may have is subordinated to that end. It has become readily apparent, however, that such an assumption is no longer safe to make.
