According to Japan’s Nomura Holdings Inc., the best hedge against excessive inflation or deflation in Asia isn’t gold or diamonds, but so-called ‘vice’ stocks, i.e. tobacco, alcohol and (yes) gambling. Nomura’s basket of vice stocks has consistently outperformed the region’s benchmark index, to the point that a Nomura analyst even referred to stocks in these sectors as ‘staples’. Now, let me get out that shopping list… Bread, milk, eggs, Sands China Ltd. shares… Read more.
Gambling stocks better than gold and diamonds?
