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Seeking investments without using the ridiculous style-box approach. If I can make a return in excess of what I judge the risk to be, I'll invest. Over time, using a Kelly formula, I tend to weight positions from 2-10%. A diversified portfolio is a career-saving move, not an investment... More
  • Will E-cigs Kill Phillip Morris (PM)? 0 comments
    Aug 19, 2013 1:21 PM | about stocks: PM

    The author of this interesting think piece says that E-cigs are a disruptor in the old-line cigarette business because they are not a focus of regulators or the taxmen.

    Plus, they can be used indoors and just about everywhere which lowers the nicotine fix hassle factor.

    I'm wondering is this speeds the decline of cigarette sales (and tax revenue) or is just a small slice of market share till the FDA comes down hard on them to protect their (Government/state/local)lucrative tobacco tax franchise?

    Stocks: PM
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