You're absolutely right...but i could never do that. I couldn't sleep at night knowing that I'm preying on people's addictions and profiting from their weaknesses.
Hmm....I dunno since one could say the SPs/MPAs prey on our addiction and profit from our horniness.
I do not recall any problem sleeping at night by profiting those bad habits since that's the few occasions to "get back even"
legally. Maybe not for narcotics since it's illegal but there's nothing wrong to switch from profiting narcotics to investing Military Industrial Complex, aka defense industries.
As long as you are
not into those habits, other than say very modest wine consumption, a tiny fraction of what CAMH recommendation and equally modest, lower risk "hobbying", otherwise, I have no qualms whatsoever to invest a diversified basket of vices for my retirements, receive fat dividends as annuities and reinvest those dividends with new money for something else.
BTW, stay away from publicly traded equities related to sex/porn stuffs since the majority of them are small-caps and volatile. Plus the fundamentals for the majority of them are lousy and I am not even starting to talk about pricing power, or lack of one.....
Those things kill people slowly.
Sure but in the long run, we are all dead. Maybe somebody should invest in those companies manufacturing caskets and urns, in addition to pre-paid funerals, purchase burial plot and have life insurance policy to cover the final expense.
I guess I'm too much of a moral capitalist...that wouldn't be an oxymoron.
LOL. Money and profit do not know the terms conscience and morality.