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Sept. 6, 2006
IN TOMORROW'S BUSINESS SECTION:

For this fund, vice pays


KURT ASPLAND / Special to DMN
KURT ASPLAND / Special to DMN
By WILL DEENER

Investing heaven may be only a sin away.

The Dallas-based Vice Fund has left political correctness to others and boldly gone where other mutual funds fear to tread — Sin City.

The Vice Fund, which celebrated its fourth anniversary on Aug. 30, invests in casino stocks and in companies that make liquor, tobacco and bombs.

Given people’s proclivities to drink, smoke, gamble and blow each other up no matter what the economic climate, it should come as no surprise that the Vice Fund has been a consistent top performer.

Read the complete story in tomorrow's Dallas Morning News or at DallasNews.com.
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TOMORROW'S INSIGHTS TODAY: Danielle DiMartino

Don't count on boomers
to bail out economy

Will the baby boomers save the U.S. economy?

The idea that they won't is not new. Here's how Dick Hokensen, chief economist of the formidable and regrettably now defunct firm Donaldson, Lufkin & Jenrette, explained it in 1999:

"Baby boomers do not drive consumption. Baby boomers trade. We trade one house for another; one car for another; one office for another. The group that drives consumption are the people who go from zero to one."

Absent this entry-level age group, pricing power dries up.

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