It may not be moral to invest in so-called sin stocks but it sure is profitable.Tobacco has been the best-performing sector in the US over the last 11(...)

Traders in the New York Stock Exchange: The US was the big winner of the 20th century. Excluding the US, real global returns averaged just 4.4 per cent. photograph: reuters

Over the long run, equities have enjoyed handsome returns, but does it follow that “buy and hold” invariably delivers for investors? Is it the (...)