A common attack on buy-and-hold investing in the 21st century has been: "Well, what if you held General Electric stock?" As GE's spinoff of GE Vernova $GEV continues to climb from $136 last year to $629 now, and GE $GE itself has climbed substantially in recent years, buy-and-hold investing is developing a stronger response on this specific point. Plus, spin-off GE Healthcare $GEHC also has a reasonable chance to hit a Vernova-style stride. Once again, patience is proving out.

@TCII_Blog It is amazing how the current CEO, Larry Culp, has managed to turn GE around while creating a tremendous amount of value for shareholders with the GEV and GEHC spinoffs. Culp is one of the few CEOs out there who could make $1 billion/year and still be considered underpaid.

@TCII_Blog I bought GE in 2017, bought more as it tanked, and held (plus spinoffs), and all I got out of it was additional wealth. Understanding the very real risks GE faced was important too, but I like having those "side bets" from time to time.