The Economist talks about why American tobacco stocks have outperformed tech in recent years and textbook example of "price-inelastic" buyers: Over the past decade, the # of US smokers has declined by 20m (and cigarettes sold is down by 1/3rd) So, cigarette firms have charged more to their most committed smokers (operating margins grown from 50% to 60%) In 2025, cigarette makers in the US will make operating profit of $22B While the industry goes away, only the most addicted smokers are left
Know the Rules Before You Fly: If youre heading to countries where international regulations on tobacco are stricter, plan ahead
These products are seldom, if ever, recommended as substitutes for smoking
Still nice and light, airy, summery feeling too which I love
Elliott Davis Noxious weeds: HB808 The states list of noxious, i.e