As part of the Globe and Mail “Strategy Lab” project, I write a weekly column on growth stocks. This week I took a break from the usual electronic technology area that I focus on. I wrote an article about Monsanto, a giant in the food business.
It seems people are pretty pissed off at me. I find this a bit comical. You see people are mad because of what they THINK I wrote rather than what I actually wrote.
I’m not a biotech expert. I’m not a genetics expert. I’m not a pesticides expert. Sure, I’ve read articles on genetically modified foods and I’m well aware of the scientific debates going on. But for those who are reading my actual words, I wrote an article that avoids getting too much into the science. And I avoided making any scientific claims whatsoever.
Instead, I wrote about how there is a great deal of concern among industry experts. There are lots of people who are very vocal in claiming that GMO foods are dangerous, or that we shouldn’t be using ingredients like high fructose corn syrup (HFCS) in our foods.
You see, I don’t need to prove anything scientifically. I just need to point out the size of the debate that is going on, and point out how this is leading to behavior change in some areas of corporate and government. And, of course, all of this leads back to what I feel is a risky position for Monsanto long term. If people think GMO crops are dangerous and food makers have to label GMO ingredients, this could spell bad news for the stock.
Of course, I knew when I wrote the article that people would get mad, and they’d think I was presenting scientific evidence of some kind. You can’t stop people from thinking you wrote something that you never wrote. It’s gonna happen. All the time.