Sex, Drugs, And Gambling: An Investment Guide To Vices

11/20/2008 05:12 am ET | Updated May 25, 2011
  • Neel Shah Radar

Conventional wisdom has long held that the "vice" industries are generally repression-proof. (Gambling revenue and booze consumption rose sharply after the stock market collapse of 1929, for example.) People may be broke and depressed, but they'll still smoke, drink, gamble, and screw--perhaps with even more vigor than when they could afford to put their kids through college.

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