A trio of death knells

1) Buy and hold as an investment strategy – dead. The bigger question is whether people will still use Warren Buffett as an analogy for success of the concept (for better or worse), or whether people will trade their asses off from here on out and say “works for John Paulson.”

2) Google – dead. Not sure whether it’s just because Goldman Sachs said it and they’re still standing (unlike most of their peers), or whether the old adage “the bigger they are the harder they fall” is just sticking better than usual nowadays.

3) Wall Street bonuses – dead. I don’t think they should die (and I’ll have more on that later), but perception is reality and the perception of the taxpaying public is enough is enough.