That assumes that being a pacifist when living under the umbrella of the most powerful military in the world is, in fact, a virtue.
I don't think so. In order to be virtuous, one should have some skin in the game. I would respect dedicated pacifists in Kyiv a lot more. I wouldn't agree with them, but at least they would be ready to face pretty stark consequences of their philosophical belief.
Living in the Silicon Valley and proclaiming yourself virtuous pacifist comes at negligible personal cost.
Virtue isn't childish, shooting telegraphed signals to be perceived as virtuous regardless of your true nature is childish. Also, using a one dimensional, stereotypical storybook definition of virtue (and then trying to foist that on others) is also childish.
Thats the only measure of real profitability - GAAP.
Free cash flow includes stock based compensation. Thats a real expanse and turns negative cashflow to positive. But it dilutes existing shareholders, you would like to see positive cashflow EXCLUDING stock based compensation
If GAAP is the only measure, then Amazon and Salesforce have been utter failures for 20+ years, only returning 120,000% and 4000% returns to shareholders.
In fact, if an investor went by GAAP, he would have missed the entire massive SaaS boom of the past decade.
These "bonds" are an illusion.