Re: Ethics of buying/selling alcohol companies
Take some of what I did today, I traded both client funds and my personal funds - outside of my primary job of providing credit to businesses. So, after the whole Tunisia thing, I knew travel companies would fall - so I shorted travel stocks. There were rumors flying around on Sunday that 3G (run partly by Brazil’s richest man) was looking at buying Diageo - primarily an alcohol company - I made about 7.75% over the course of several hours. Greece has suspended trading for a week or so - it was commonsense that European banks would be hit hard on the downside, I shorted these. All were hedged by buying up US Treasuries and German Bunds (which rose as investors flocked to them as safe havens). Add in the power of leverage and you can make several months bonus in the space of 4-5 hours.