By Tom Gardner
Today, everywhere I turn in the investment world, someone is asking about the merits of long-term investing. Does it work? Did it ever? Looking over the wreckage of one-time blue chips AIG (NYSE: AIG), Fannie Mae (NYSE: FNM), General Motors, et al, these are natural questions.
For every Danaher (NYSE: DHR), up around 3,000% over the past 20 years, there are plenty of disappointments -- such as Eastman Kodak (NYSE: EK), down nearly 90% over that same time frame.
So which is it? If you buy and hold for 25 years, are you a champ or a chump? If you stick with a stock for five years, are you a star or a sucker?
What do you think?
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