Frankly, it’s difficult for anyone to know if the aforesaid transaction was a genuine investment or a convoluted enrichment.
It’d be imprudent to pass uncharitable remarks and level charges of misdoings on the basis of an article.
But, a major takeaway is that we shouldn’t place anyone on a pedestal. No person is unblemished, stainless. Promoters of businesses, are just like you and me. Prone to err, prone to flaws.
Its detrimental to our interests to have very high expectations of them.
And, when it comes to evaluating moral standards of a businessperson, in my opinion its truly a waste of time. We can seldom objectively evaluate aspects like morality, ethics. Our assessment of the person is clouded by our biases.
There’s very little information available in public domain about businesspersons.
We try to conclude if the promoter is ethical or not based on a few interviews we watch.
How accurate will such an assessment be?
Very, very inaccurate.
People we’ve been in contact for years can’t be known well enough.
How do we expect to develop a healthy understanding of a person we’ve never spoken with, let alone met.
Hence, let’s not place too much emphasis on moral standards of the people who run the businesses we invest in. Because, our interpretation is more often than not flawed, wrong.