Stocking Up on Sin: How to Crush the Market with Vice-Based Investing

Overview

No matter what reservations you might have about companies whosestock and trade is sin–gambling, tobacco, weapons, and thelike–there’s no denying it: "vice stocks" are hot.

Historically, investments related to human weaknesses have beena safe bet–no matter how the market is performing. Over thelast five years, vice-based investments have outperformed theS&P 500, earning a forty-two percent return, compared...

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Overview

No matter what reservations you might have about companies whosestock and trade is sin–gambling, tobacco, weapons, and thelike–there’s no denying it: "vice stocks" are hot.

Historically, investments related to human weaknesses have beena safe bet–no matter how the market is performing. Over thelast five years, vice-based investments have outperformed theS&P 500, earning a forty-two percent return, compared with anegative return for the S&P.

Welcome to Wall Street vice...

In Stocking Up on Sin: How to Crush the Market with Vice-BasedInvesting, financial journalist Caroline Waxler reveals the uniquepotential of vice stocks for investors. With a down-to-earth tone,witty style, and an emphasis on doing your own research, sheexpertly profiles these common "sin-dustries":

  • TOBACCO
    How the decline in U.S. litigation impacts your investingstrategy
  • GAMBLING
    Why it continues to be one of the most stable industries in theworld
  • WEAPONS/DEFENSE/WAR
    Why investing in the defense/weapons sector is an effectivelong-term strategy
  • ALCOHOL
    How the nation’s zeal for health and fitness is reshaping theproduct lines of alcohol companies–and what this means foryour portfolio
  • SEX
    How the combination of technology and titillation is expanding thispractically recession-proof industry
  • DRUGS
    An insightful look at the booming market for treating sexualdysfunctions

Stocking Up on Sin also uncovers hidden stocks, or "vice insheep’s clothing," proffered by retailers like Victoria’sSecret. Along the way, this just-in-time book shows you how tomanage risk by looking at any vice stock through a historicalcontext, as well as the prevailing political and legal climate.And, in addition to helpful appendices and a sample portfolio atthe end, the chapters feature a wealth of case studies, lessonsthat offer savvy tips based on new market trends and legal issues,and "shopping bags" that list each industry’s majorplayers.

Whether you already have vice stocks in your portfolio or youare a vice-investing "virgin," Stocking Up on Sin shows you justhow much fun–and how profitable–this often-overlookedarea of investing can be.

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Editorial Reviews

Fort Worth Star Telegram
Stocking Up on Sin is highly readable and informative. It is a strong candidate for the best business book of 2004.
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Product Details

  • ISBN-13: 9780471465133
  • Publisher: Wiley
  • Publication date: 2/25/2004
  • Edition number: 1
  • Pages: 256
  • Sales rank: 1,510,050
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.69 (d)

Meet the Author

CAROLINE WAXLER is a New York—based financial journalist. She has written for Newsweek, the New York Times, Financial Times, Business 2.0, SmartMoney, and Worth. She edited Worth’s Greatest Stock Picks of All Time. Waxler was a staff writer and columnist at Forbes, covering investments and the financial strategies of millionaires.

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Table of Contents

Chapter 1: Why Vice Is Nice.

Chapter 2: The Ethical Dilemma and Asset Allocation.

Chapter 3: This Is Research?

Chapter 4: Tobacco.

Chapter 5: Gambling.

Chapter 6: Weapons/Defense/War.

Chapter 7: Booze.

Chapter 8: Sex.

Chapter 9: Drugs.

Chapter 10: Vice in Sheep’s Clothing.

Chapter 11: Pitfalls and Risk Management.

Chapter 12: Your Vice’s Future.

Chapter 13: Afterglow.

Appendix I: Returns of Socially Responsible Mutual Funds vs. AllOther Mutual Funds as Well as the S&P.

Appendix II: Stocking Up on SINDEX.

Appendix III: The Titillating 20.

Notes.

Index.

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