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1a and Extended Data Fig

That this is unique to defense and tobacco can be seen in the scatterplot below, where other high-quality businesses in technology and consumer staples, both stalwarts of the broad quality universe, are often expensively valued*: In addition to this unique combination, tobacco and defense have historically been reliable inflation shelters, rewarding investors with positive real returns during periods of higher inflation that more negatively impacted both their respective sectors and the broad market

In contrast, an impacted wisdom tooth (stuck beneath the gum or bone) often requires a surgical extraction

NRT provides controlled doses of nicotine without the harmful combustion products found in cigarettes

Healthy lifestyle choices can prevent this