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I think it's a lot harder - a heckuva lot more competition today for your dollar than in the 60's. Anything you want to buy back in the 60's there is probably at least 5X more companies making it/selling it/doing it. Who bought a foreign car over here in the 60's ?? Not many (except VW's). Look at all the car parts places, the Electronics stores, Retail stores (at one time there was pretty much Sears Penneys and Wards, that's it). Then Wal-Mart, K-Mart, Target, etc came around. Now you have Best Buy, Circuit City, Comp USA, Kohl's, Once you had Walgreen's for Prescriptions, now you can get them anywhere. Speaking of which, where was Advil Nuprin Tylenol in the 60's ?? No, it's a different world than it was even 3 years ago. The stock market isn't really a 'company stock market' anymore, IMO. It's more of an Auction house where ASK and BID waaaay outshine a company's true worth, bottom line or P/E ratio. IMO of course. |
