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

Posted By Barry Ritholtz On June 21, 2004 @ 1:40 pm In Media | Comments Disabled

Cavuto.bmp [1]

I’m on Fox today (Your World with Neil Cavuto [1] @ 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 . . .

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