Investors Find Value in Vice; the Stocks Are Known to Hold Up in Down Times

Summary

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Whether the economy is soaring or sinking, chances are good that someone, somewhere, is bellying up to a bar, lighting a cigarette or testing their luck at a slot machine. On Wall Street, the habits we find the most difficult to break are considered exceptionally reliable investments.

Businesses that profit from alcohol, tobacco, gaming, sex and war - broadly referred to as "vice" or "sin" stocks - are known for holding up well under difficult economic conditions. Advocates of this type of investing believe the most basic flaws in human nature will keep these stocks afloat in any market.

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Extract

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Investors Find Value in Vice; the Stocks Are Known to Hold Up in Down Times

There's even a mutual fund devoted solely to booze, betting, bombs and butts, run by Dallas-based Mutuals.com. A book by por...

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