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Strategies & Market Trends : 50% Gains Investing

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To: JSB who wrote (13020)12/12/1999 2:34:00 PM
From: Dale BakerRead Replies (1) of 118717
 
And a gem from Cramer in a column about old valuation standards and traditional fund managers:

(Earlier this week I was listening to some money manager talking about how he wasn't changing his stripes, that he liked the out of favors, the value plays, the lowly P/E stocks. Good for him! He must be a very rich man! Where I am from, there is this process at the end of the year, it's called the "take your money away from the loser and give it to the winner" drill. And it gets practiced everywhere unless your clients are in a coma. Those who stay with these losers for more than a year or two, they get to have the money taken away. I have had money taken away. Last year, when I did the value thing. They thank you. They are glad you didn't take excessive risk. They are thrilled that you stuck to your guns. And here are the wiring instructions where they want the money sent. Invariably it is to the hot-hand manager who didn't play by rules that aren't working any more.)
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