How to Profit From Increasing Security: Stock Picker
People are becoming increasingly concerned over terrorism and likelihood of increased security. So how can investors profit from the increased surveillance? James Altucher, managing director of Formula Capital, shared his best ideas.
“Even in New York City, the average person is probably photographed or videotaped on 400 different occasions during the average day,” Altucher told CNBC.
“There are 30 million cameras in the U.S. [and] it’s not just in stores and buildings.”
Altucher said most employers even keep track of employees’ keystrokes on their computers.
“So there’s a lot of different ways that we’re spied upon everyday,” he said.
China Security & Surveillance Technology
- Watch Altucher's Previous Appearance on CNBC (Dec. 28, 2009)
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No immediate information was available for Altucher or his firm.