There’s a force in the world that goes by many names: profit motive, self interest, entrepreneurship, or greed. Some people think it’s a good thing. Others are convinced it’s a bad thing.*
Regardless of what you call it or what you think of it, we can confidently say a few things about it:
- It is adaptable–it exists across the world in countless different social and political environments.
- It is persistent–I imagine it will stick around as long as humans do.
- To bet against it is foolish.
Entrepreneurs and businesses earn profits. That’s what they do.
Claims that “buy and hold investing is dead” are nonsense. It will always be profitable to own businesses (provided you own a sufficiently large quantity of them and you own them for a long enough period).
*In case you’re curious, I call it entrepreneurship, and I believe it has an overwhelmingly positive effect in the world–though not when left entirely unchecked.
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{ 4 comments… read them below or add one }
When they say buy and hold is dead, I think they meant stocks.
I don’t buy and hold I buy and rebalance
Mike. You put up that flag my friend. I am saluting!
I like the new layout.
Thank you.