Media Appearence: Neil Cavuto's Your World (6/21/04)

Monday, June 21, 2004 | 01:40 PM
in Media


I'm on Fox today (Your World with Neil Cavuto @ 4pm EST) discussing something unusual: Space travel, the Markets & Investing (really).

This should be an interesting discussion . . .

UPDATE June 21, 2004 6.28pm

As happens all too often, time was short and I didn't get to say some of what I wanted to. I failed to mention this "venture capital investment" by Microsoft co-founder and billionaire Paul Allen is actually more of a vanity project than a true investment for returns. Yes, its a fun idea, but I doubt Allen is expecting much in the way of monetary gains from this "investment."

When you are a billionaire, you can blow 20 large on a flight of fancy like this. Most people cannot.

If you want a good parallel, consider the airline industry: One of the lowest returns on capital of any financial venture known to mankind. Commerical aviation has been losing money since Kitty Hawk. If Spaceship One or Space Dev is anything like the airline sector, it will be a black hole for investors for the next century or so.

Think Euro-Disney lost money? Wait til Sub-Orbital Disney One comes out . . .

Monday, June 21, 2004 | 01:40 PM | Permalink | Comments (2) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Media Appearence: Neil Cavuto's Your World (6/21/04):


The airline industry has been losing money for so long for the same reason the Record industry is still *claiming* that sales are declining. The government. They've been regulated to death, then subsidized back into zombie-hood. Like Reagan said (aside from the whole "do as I say, not as I do" thing he *must* have said one of those days): "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

So, per Mr. Chamberlain, airlines continue to be heavily subsidized. If they're getting handouts, why change? Lucky for everyone, low-cost competitors are beating them on price, sans subsidies. Hopefully the government will let go and keep it's hands off for once, then creative destruction can clear the government-inflicted wound and allow for profitable airlines.

Posted by: Ben W. | Jun 23, 2004 1:19:46 AM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™