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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (278064)2/24/2004 3:31:37 PM
From: Tommaso  Read Replies (2) of 436258
 
Sounds like they want to sell everything and commit all the capital to one Bulgarian gold mine. That's really not what I wanted <G> Well, maybe <NG>

The managers of the old Madison Fund, as you may know, did something similar. They sold all the stocks and put everything into speculative oil drilling at the height of the frenzy. Totally destroyed the fund. I knew a family that had "prudently" put its entire capital into this old diversified fund. The trustees at the bank did not get them out. I don't know what happened to the widow.
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