Ben Bernanke only owned tobacco shares when he became chair of the Fed

During the transition period, 1947-1965, shares in the tobacco industry underperformed by 3 percent per year in the USA. Still, it was a temporary trend and the decades from the 1960s to the 2000s, when the health impact of tobacco was well known, saw tobacco companies outperforming comparable firms by over +3 percent per year. 

Source: Responsible Investing: Does It Pay to Be “Bad”?  – Credit Suisse.

This entry was posted in financial economics, health economics on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at

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