“[E]very investment expert knows two truths about investing: 1) Past performance is no indication of future performance. 2) You need to consider a company’s track record. Right, yes, those are opposites. And it’s pretty much all that anyone knows about investing.“
In the WSJ, Dilbert’s Scott Adams makes the case for investing in thoroughly evil companies. “People ask me how it feels to take the side of moral bankruptcy. Answer: Pretty good! Thanks for asking. How’s it feel to be a disgruntled victim?“