If you original stocks in dow and hold on to them？ how much return you will get? Most people will say more than 1000% and it is the proof of buy and hold strategy. Really? I checked 30 companies in dow 30 in 1928. Most companies are gone. Some remaining companies like GM, Chryser, U.S. Steel and etc. had experienced at least one bankruptcy. There is only one company still in dow that is GE. So if you spent $100 each on original 30 companies, you probably did not break even by now. No company can live forever.
MSG is trading @all time high around 33.45. I will take some chips off the table when it goes to 34. I still believe the market is underestimating the impact of Lin.
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