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Obviously.
Whereas I'd argue that that's a poor excuse for knowingly profiting off of suffering.
Which is why people who value ethics higher than wealth hoarding try to not do business with those companies when it's avoidable.
By definition impossible since stock trading is inherently immoral as it's a fake wealth casino for the rich with (usually negative) real world consequences for everyone else.
It's not an excuse it's a justification
I feel like you'll miss him the point. You're expecting people who don't share your values to share your values. Why would they do that?