Sunday, August 18, 2002

Socially irresponsible mutual fund: The Vice Fund is a mutual fund specializing in politically incorrect stocks shunned by so-called "socially responsible" investors, including alcohol, tobacco, and gambling stocks, as well as the defense industry. As the founder points out, "[T]hese particular stocks perform really well when the market goes up, goes down, whether we go to war, or don't go to war... People keep smoking, drinking and gambling". (Via Fark.)