Caltorguy

Buy and Hold Is Alive and Well

It's pretty hard to argue with the Dow that went from 41 in 1933 to 10,000 in 1999 - that's a 25,000% return, not including dividends (which average, I believe, about 3%, which probably what a bank deposit would have paid, so the 25,000% was really just very rich gravy...). Even if you look at a period like 1972 to 82, juicy yields on good stocks would have ensured a positive return.

For Airplane Makers, The Sky Is Falling

If governments ever decide to take global warming seriously then high speed rail as a far preferable solution to everyone flying everywhere. Air will still make sense for long hauls but everything under 500 miles (which would include most of the Eastern Seaboard and ever, just, New York-Chicago) could be done faster and more efficiently with the kinds of 250 mph trains that are now common place in Europe. Will take significant government investment but we'd be kiidding ourselves if we said the same hasn't been true of air travel.