Is old as good as gold?

Is it better to invest in old companies? With the markets in turmoil is it best to invest in old established companies with track records of 10-20 years? Some would argue that companies of this age have been going out of business in the past 12 months, I on the other hand, would counter that aside from the banking industry, this area lends itself to the best opportunities in the market. Companies like Coca-Cola, General Electric, Hartford, Exxon, Lockheed-Martin, Intel, etc. are great companies to harbor your investment funds for the long term. Old is Gold.