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Non-Tech : LIFEWAY FOODS (LWAY)
LWAY 22.90+3.7%12:48 PM EST

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To: mark cox who wrote (126)11/16/1997 12:15:00 PM
From: paul lin   of 352
 
FYI in recent Fortune (1997, Nov. 24 issue, p329), there is an article talking about "buy-and-hold strategy" and the difference between what fund managers are preaching and what they are really doing. Even Peter Lynch's Magellan Fund during 80's had a turnover ratio over 100%, which means they buy and sell at least once in a year for the overall portfolio.
Holding? for one year, what a surprise!

good investing.

PL
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