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Strategies & Market Trends : Value Investing
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To: Wyätt Gwyön who wrote (16173)1/16/2003 1:11:07 PM
From: Jurgis Bekepuris   of 78722
 
Re value managers' comments. I disliked latest Marty Whitman annual report. This is the guy who aims for 10% annual market-independent return (at least that's what he said when Nasdaq/SP were clocking 20-40% annual gains). Fine. Last year his funds drop in value instead of doing 10%. So does he say: "Hey, this year we failed to reach 10% return"? No, he says: "It was a bear market, so our fund fell as well". Hey, so where did the "market independent" goal do?

Jurgis
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