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Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
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Deathly investing Investment with a twist – invest in sin! Well, that is the sales pitch of a new breed of investment fund which deliberately chooses to wager money on sectors like tobacco or booze, according to a diverting article in the European edition of today’s Wall Street Journal (link requires registration). This makes a lot of sense. It seems to me that there must be a potentially big politically incorrect investor client base out there dying, so to speak, to invest in “naughty” areas of the economy. My favourite fund is called the Tombstone Fund, which claims to invest in the “death-care industry”.
Here’s a key paragraph:
According to Mutuals.com research, the five-year return for alcohol stocks that fit its criteria was nearly 63 percent, compared with 11.8 percent for the overall S&P 500 index through to June 30. For the same period, tobacco stocks were up 7.8 percent, gaming and casino stocks soared 116 percent and aerospace and defense stocks gained almost 25 percent.
Crikey! 
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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