02-13-2017, 03:32 AM
DP wrote:
I'm curious - could you please elaborate?
Just the usual thing about capitalism being inherently evil.
Not at all. I teach entrepreneurialism.
But pharmaceuticals are VERY popular stocks in mutual funds and retirement portfolios.
Why? They are pretty secure AND high profits.
http://www.bbc.com/news/business-28212223
If you were to take out the regular and predictable profits from many mutual funds, there would be a major challenge in replacing that part of the portfolio.
I, too, have pharmaceutical stocks in both my 401k as well as my pension.
But I'm not ignorant of my contribution to this current business model.