Right now investing in the oil stocks is similar to investing in horses at the beginning of the 20's century. Those who invested in horses thought that they have a strong foundation, but what they really should do is invest in the car industry.
Hedge funds, that's what I'm talking about. Of course, there might be a lot of arguing here about their profitability, but good hedge funds can give you solid return in a long-term for example Scion Capital...
That's a good point, I didn't know about this data, but we're talking about the U.S. in this particular case, so I still think that Bernie's ideas make some sense.