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…
Keep reading with a 7-day free trial
Subscribe to The Eurasian Century to keep reading this post and get 7 days of free access to the full post archives.