Celebrating humanity's flourishing through the spread of capitalism and the rule of law
28 Sep 2017 Leave a comment
in economic history, financial economics
… the mean excess return varies from a low of 5.3% (alcohol), through 9.6% (biotech), 10.0% (adult services), 14.7% (tobacco) and 24.6% (weapons), to a high of 26.4% (gaming).
Source: Dimson E; Marsh P; and Staunton M. “Responsible investing: does it pay to be bad?” Global investment returns yearbook. Credit Suisse Research Institute 2015.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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