Dumb Investment of the Week: For-Profit Prison Industry – GuruFocus.com
Since you know I happily invest in tobacco companies, alcoholic beverage manufacturers, and defense contractors, you know that the private prison industry must be pretty rotten if even I won’t invest in it.
The industry appears to operate a fundamentally flawed business model and seems thoroughly corrupt from top to bottom. We believe it is just a matter of time before Chaucer’s old adage about evil deeds being found out (“Murder will out, certain, it will not fail”) comes true.
via Dumb Investment of the Week: For-Profit Prison Industry – GuruFocus.com.
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