Is it morally justified to profit from a natural disaster like Japan earthquake?
Lots of investors shun short selling stock, some even criticize as evil. Corporate CEO hate short seller. Regulators hates it too. But, the root of the problem lies in, is it morally justified to profit from other mischief, if it is not at his expense?
After March 11 earthquake in Japan, mutual fund shorting Japanese stocks tripled in volume. Suddenly, there is a source of profit. However, after watching the interview of the victims on TV, I can’t help but re-think my profits from the market. Even though my action in the market didn’t cause the tsunami, even though I lose all of my profits earned later in FX market due to the intervention of Bank of Japan in Yen market, I still regret.
I think myself don’t “deserve” those money. After all, if I am the victim of earthquake, I won’t be happy to know that someone profit from the earthquake while I lost all of my possession and my family. Do to others as you want done to you.
Later, I donated several times to the charity, 1,000 Yen each time. I decided, should the time reverse, I will donate all of my profits to charity, without hesitation.
Lots of investors shun short selling stock, some even criticize as evil. Corporate CEO hate short seller. Regulators hates it too. But, the root of the problem lies in, is it morally justified to profit from other mischief, if it is not at his expense?
After March 11 earthquake in Japan, mutual fund shorting Japanese stocks tripled in volume. Suddenly, there is a source of profit. However, after watching the interview of the victims on TV, I can’t help but re-think my profits from the market. Even though my action in the market didn’t cause the tsunami, even though I lose all of my profits earned later in FX market due to the intervention of Bank of Japan in Yen market, I still regret.
I think myself don’t “deserve” those money. After all, if I am the victim of earthquake, I won’t be happy to know that someone profit from the earthquake while I lost all of my possession and my family. Do to others as you want done to you.
Later, I donated several times to the charity, 1,000 Yen each time. I decided, should the time reverse, I will donate all of my profits to charity, without hesitation.
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