The evolution’s winners and losers.
The returns that are reported are not always achieved.
The idea is being floated, but seems unnecessary.
Three more black marks on the ledger.
The exception to the general rule?
There are several possible causes.
Destruction, volatility, and uncertainty.
What’s this about buy-and-hold investing being dead?
Possess capital yourself, have rivals who lack capital, and don’t be in a rotten industry.
The answer is no--but that does not mean they are bad investments.