Maintaining a Competitive Position Buy New Technology and Invest in Research & Development

Consumers’ Uncontrollable Habits Prove to Be Good Investments

We’re focused on four sectors that have exhibited unvarying demand regardless of economic activity and that have key fundamental strengths that help explain why they’ve been around for hundreds of years. The inherent demand of people to smoke, drink and gamble and of nations to arm themselves is clearly strong and long-lasting.