Palantir CEO Alex Karp is sick and tired of his critics. That much is clear. But during the Yahoo Finance Invest Conference Thursday, he escalated his counteroffensive, aimed squarely at analysts, journalists, and political commentators who have long attacked the company as a symbol of an encroaching surveillance state, or as overvalued.
I have a colleague who invested in Palantir. I mentioned to him of the controversy with the company but he just shrugged it since he made some money before selling the shares. I don’t really pass judgement on many those who invest in unethical companies simply because the old fashioned way of working and saving simply doesn’t cut it anymore. The older generations could party and travel in their twenty’s, and buy a house and have family in their thirty’s. The younger generation can’t really do that anymore.
I also do investing and I realised that it’s hard to be ethical under a capitalist system. There are index funds I want to invest in because of lower initial investment requirement, but I don’t like the companies listed in those funds. And thus I have to individually invest in companies I like, but I have little gains because my capital is spread out across various equities.