the profitable vice market
(Reuters) - Gerry Sullivan has an eye out for the sins of tomorrow, but he's no puritan.
Since taking the helm of USA
Mutuals' iconoclastic Vice Fund in 2011, Sullivan has scored big gains
spotting trends in tobacco, guns, alcoholic beverages and gambling. Now
he's seeing new ways to make money on human transgression.
is evolving," the 53-year-old former bond trader said, before rattling
off a slew of investment ideas that would make the God-fearing cringe:
Buy e-cigarettes because teens will love them; predict which tobacco
company will become the "Budweiser of marijuana" as states loosen
anti-pot laws; and get into coffee and smartphones because they are
Typifies capitalism at it's best.ReplyDelete