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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (53028)9/6/2004 9:47:45 AM
From: Seeker of Truth  Read Replies (1) of 74559
 
I have second thoughts about the windmill idea. A windmill company, like oil service providers, is just another tech stock. Tech stocks are subject to competition. It is rare for any of them to have a monopoly for long. There's always somebody who comes up with the next generation of mousetrap or a simplified cheaper version of the old mousetrap. By contrast the owner of oil wells has something that everybody needs. Of course Jay Chen may well double his money in 5 years on Vestas but in general the owners of energy sources are the things to own. Suppose, a wild hypothesis, there was some island where a tremendous wind blows most of the time. The owner of that island could presumably make money, furnishing electricity. That would be different.
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