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The Moral Grounds of Investing in a Company Like Meta
Ackman asked Combs about the moral grounds of investing in a company that makes sugary beverages like Coca Cola. While many cities around the world are really having a lot of issues related to diabetes, obesity, fatty liver disease, etc., Coke is causing a lot of harm to society while doing a good job of marketing it. Unfortunately, we didn't get much of a response from Combs as he said that Coca Cola wasn't a name he had chosen on behalf of Berkshire. Meta since their IPO in 2012 has increased their revenues by 23 times yet their stock has essentially matched the performance of the S&P 500 over same time period.