Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (65497)	6/26/2005 4:56:04 AM
From: shades	Read Replies (1) of 74559

A point I have tried to get across to the General, LTCM had the high IQ people right? But my dumb granny who bought vanguard funds the past 20 years did much better. Gore and Kerry lost to Bush - the masses of 80 IQ rednecks beat out the 150 IQ city folk. The wizard Mark Mandel always says amateurs built the ark and professionals built the titanic. This is not to help dumb granny's that made fortunes in good mutual funds, this is to help the feelings of dumb stock traders that think they can beat the index over time with their etrade account.

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