There are many ways to profit from bad behavior. CNBC’s Jane Wells reveals one way to do it, legally! Following are excerpts from the report filed by CNBC’s Jane Wells on “Fast Money”.
Is it more profitable to be naughty or nice? Charles Norton is very, very bad.
He runs The Vice Fund which invests in four sectors; booze, bombs, bets, and butts... as in cigarette butts.
“We're not champions of these activities in any way. We're investors, bottom line,” explains Norton.
And the bottom line is The Vice Fund (VICEX) is up over 60% in 3 years, nearly double the broader market; it's also beating the S&P year to date, though off its all time high earlier this month.