Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.89

-1.2%

Dec 31 3:59 PM EST

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To: Jerome who wrote (52533)	9/19/2001 1:10:09 PM
From: Sam Citron	Read Replies (1) of 70976

Jerome, Some MFs are facing forced liquidations. Others sit on piles of cash as the only defensive posture they can take. Any perceived notion of a patriotic duty to buy stocks may conflict with their risk tolerance or perceived fiduciary duties to protect shareholders. MFs are also engaged in a day-to-day competitive struggle for performance against each other and their benchmarks. These are fallible human beings. The need for active managers to constantly outperform frequently shrinks their time horizon. Many MF managers are recent B-school grads in their 20s and 30s who have never witnessed markets like these. Does this help?

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