[lbo-talk] socially irresponsible investment

[joanna bujes]

Tabacco is the most addictive substance I've ever used. Usage is down in 
the U.S., but I suspect it's up and growing in the rest of the world. 
It's highly taxed in the U.S. and Europe, but not necessarily in other 
places. It's cheap to grow and manufacture, so cigs aren't necessarily 
expensive everywhere.

When I was a kid, I remember my mother sending me out to buy her a pack 
which, cost, literally a couple of cents. I suspect taxes are about 95% 
of the cost now...wherever cigs happen to be taxed.

This is an interesting fund; acid test of whether money is the most 
important thing for any would be investor.

I quit last year.

Joanna

Wojtek Sokolowski wrote:


>>"Everything in tobacco has been up. There are no losers," Ahrens
>>said. "It's very stable."
>>    
>>
>
>Why?  I understand military hardware, gambling and spirits, but is a demand
>growth for tobacco products?  
>
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