They will quickly find that politics favors concentrated special interests that petition the government to increase systemic
risk during boom times, leaving the economy to flounder during the bust times.
The low beta, or relative
risk and performance to the market, will show that these stocks tend to either perform better - or at least not as poorly - as cyclical stocks in bad
times and will usually not be most investors» focal points
during the
boom part of the business cycle when investors are busy chasing technology stocks and high - growth companies.