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South China Monitoring Post: Tobacco glowing example that old industries are a better investment

A new report says investing in old industries like tobacco and alcohol can bring more profit, while investing in new-technology stocks might be disappointing. The report, co-authored by Professor Elroy Dimson, chairman of the Newton Centre for Endowment Asset Management at Cambridge Judge, was published by the Credit Suisse Research Institute.

Read the full article [scmp.com]