Getting Coal For Christmas
The New (Climate) Sin Stocks
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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