manthrax3

Boone Pickens Retreats on Wind Power

I like whatever's cheapest and most efficient after pricing in all externalities (likely to be coal).

Use ETFs Until 10-Year Returns Return

What about Mabelle at the widget factory? Should she be out to create a perfectly hedged portfolio that realizes excess returns in the long and short term? Buy and hold is probably fine for most people as long as they maintain proper asset allocation. That is, as long as they move their returns from equities into bonds to maintain the right allocation over the long term.