Caching data to reduce database hits

Are there any downsides to doing something like this assuming Foo data
rarely changes?

class Foo < ActiveRecord::Base
   class << self
     def get_all_foo
       @foo || Foo.find(:all)
     end
   end
end

Is it ok to cache this data so you don't constantly reload it from the
database? How long does @foo last? Just for the length of one request
or until the server is restarted?

Thanks,
Aaron

(sorry if this message is a dupe, I tried posting through the google interface first)

I believe that this will only last for the duration of a request.
If you want it to be persistant, you could put it into the
environment.rb file and it would persist over many calls.

Probably a better way to do this is to use memcache though. There
are a number of good plugins that allow you to use this. A nice
one by Chris Wanstrath can be found at

http://www.agilewebdevelopment.com/plugins/acts_as_cached

Hope that helps