The Importance of Multi-Modality: the China Version
On the heels of the recent massive traffic jam in China, Oddee ran a great post today entitled "12 Worst Traffic Jams." Don't get me wrong: cars are great ways to get people and things moved from Point A to Point B. This doesn't need to be an either/or story. But without multi-modality, you get choke points that, if a few things break the wrong way, can grind everything to a halt, with disastrous consequences for supply chains and personal mobility. We know as investors to not put all our eggs in one basket; let's hope we apply the same logic to the way we think about moving people and things.
(By the way, the photo is not of China, but of France, circa 1980, the purported site of the longest traffic jam ever, at 110 miles.)