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Thu May 29th 07:43 AM
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Charles Norton: Investing in Vice Stocks

Sin Stocks - "we’re a ‘sin-stock’ fund,” he says. “All we’re trying to do is capitalize on attractive businesses that have demand characteristics not predicated on overall economic health.” Investing in only four sectors – alcoholic beverages, gaming, tobacco and aerospace/defense"...

Can someone tell me why aerospace/defense would be lumped with personal vices? Aerospace defense would be a "virtue" stock in my book, not a sin stock. This post and the idea it puts forth is an indication of how we have regressed as a society and how political correctness invades almost every area of existence. Ayn Rand was right.
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