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To: Stuart C Hall who wrote (10048)1/7/1999 4:40:00 PM
From: Sun Tzu  Read Replies (1) of 16960
 
The exact same thing was said about the airline industry (and aerospace in general) in the 60s. Most went bankrupt and those who survived did not do well for a long long time.I think it was Peter Lynch who discussed the airlines in the 60s and the wall-to-wall carpeting examples in one of his books. Rereading them may be instructional. Remember, back in the 60s there was no doubt that most future travels will be done via flights and that the over all travel rate will be exponentially increasing. As our good friend Jessie said in The Reminescences, it has happened before and will happen again.

Personally I prefer low-risk and high-return over high-risk high-return ;) And trust me, it is possible (though not easy).

Sun Tzu
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