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Technology Stocks : Intel Corporation (INTC)
INTC 35.52-0.6%10:10 AM EST

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To: Amy J who wrote (143955)9/23/2001 2:20:03 AM
From: Eric K.  Read Replies (1) of 186894
 
Amy--

Re: smart money is holding

Why are mutual funds considered "smart money?" Calling the runners of mutual funds, university endowments, pension funds, etc.-- who have been shown by essentially every study conducted on them to consistently underperform the market as represented by the S&P500 or the Wilshire 5000-- "smart money" has always seemed to me an egregious, self-serving misnomer.

-Eric
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