Picking great companies for the long run

[davflaws]

The only social responsibility of businesses is to produce a profit for their shareholders

And to scream blue murder when society (in the form of Government) regulates their activities for the common good.

[SailorRob]

And to scream blue murder when society (in the form of Government) regulates their activities for the common good.

No, that is a critical part of the equation as well.

They must produce profit while abiding by the laws they operate under.

Mostly the government (specially ours) regulates against the common good.

The common good is to produce as many goods and services as possible (think operations and medical equipment, housing and transport) and make sure they are distributed fairly (note I did not say equally).

We need a massive abundance of everything.