The wages of sin is exorbitant profit. New research into the best equity market performers over the very long term shows that nothing beats tobacco and alcohol stocks.
One dollar invested in US tobacco companies in 1900, with dividends soberly reinvested, would have turned into $6.28m, according to a work of financial archaeology by Elroy Dimson, Paul Marsh and Mike Staunton of London Business School.
The study, produced for Credit Suisse, similarly show shows that brewers and distillers were the best-performing British shares of the past 115 years, turning ￡1 into ￡243,152, including dividends.
您已閱讀27%（600字），剩余73%（1632字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。