The Eurasian Century

The Eurasian Century

Cyclical Value Investing

Getting Coal For Christmas

The New (Climate) Sin Stocks

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Cyclical Value Investing
Dec 15, 2023
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Investors have done awesomely if they dared to go against moralizing crowds and invested in “sin stocks”.

Weapons, gambling, and more than any other, tobacco.

But with changing zeitgeist come changing sins. Missiles sent to Ukraine or Israel are actually virtuous and ESG-compatible, you see. And smoking might actually get out of fashion.

However, nothin…

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