I was going through Credit Suisse Global Investment Returns Yearbook 2015. Came across interesting insight about Tobacco sector in the book.
Over a century, one industry which manage to remain relevant is Tobacco. Find above the market capilisation by industry in US and UK over the century.
The sector, not only survived, but also generated maximum return on all the sector since 1900 in US and UK market. Find enclosed relevant graph for same.
I find the longetivity of industry and cashflow generating business interesting in context of recent reducing life of business.