Yeah I am not taking a position on how the market will do in the future. Just saying that active investing will underperform passive unless you are one of the few market participants who actually has alpha.
You may wish it were not so, you may find it inelegant and infuriating and unfair, but it is a fact that retail investors nearly all underperform the market over a long enough time horizon. Maybe you are built different but for most of us it is very rational to take the market return for “free”.
It does not, but it has a sane scheduling agreement with the railroad which the railroad actually respects.
This is a common misconception because Brightline’s parent company Florida East Coast Industries shares heritage with Florida East Coast Railway, but the companies were split in 2007.
Italy has not exactly privatized high speed rail. The public rail operator Trenitalia is by far the largest high speed rail operator in the country. And it’s great.
What Italy has done is open the rails to access by private companies in addition to the public one, most notably high speed operator NTV/Italo.
Arguably this competition has helped spur on the public operator to greater heights. But it’s not the same at all as what Britain did (privatizing the public operator itself).
China doesn’t allow US social media companies to operate there—why should the US unilaterally allow Chinese social media companies to operate here with no reciprocity?
Continuing to play cooperate over and over when the other player keeps playing defect is not smart.
I don’t agree at all, and I think many people don’t agree. What has always depressed me the most in the winter is the lack of sunlight in the evening, after work/school. In the morning I don’t really get to enjoy the sunlight anyway. What I really hate is getting off work and finding it already dark.
There is no “right” time, and this fight for pedantic correctness is already lost. That ship sailed when we started using time zones instead of true local time. Many localities are far from their true noon already. We should make policy on the basis of what is actually good for people.