Video: Sin Stocks are Guilt-Free?

Last Updated Apr 18, 2008 1:20 PM EDT

Here's a little video from CNBC about investing in so-called Sin Stocks -- tobacco, gambling, alcohol and defense -- because they hold up well in a recession.

There's a lot that can be said on this issue, either way, but I draw your attention to this clip for one little cherry in particular.

Question to CNBC analyst Dennis Kneale:

"Dennis, should we feel guilty about making money off of other people's unhealthy or destructive behavior?"
His answer:

"No, we should never feel guilty about making money any way we can as long as it's legal."
Sorry, Dennis. I'm going to disagree with you there.

  • William Baker

    William Baker is a freelance writer living in Cambridge, MA. His work has appeared in Popular Science, the Boston Globe Magazine, the New York Daily News, Boston Magazine, The Weekly Dig and a bunch of other places (including Field & Stream, though he doesn't hunt and can't really fish). He is a regular contributor to the Boston Globe, where he writes the weekly column, "Meeting the Minds." He holds a master's degree from the Columbia University Graduate School of Journalism, and is at work on his first book.