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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 3:59 PM EST
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To: Fred Fahmy who wrote (38168)10/28/1997 9:18:00 PM
From: Jim McMannis  Read Replies (1) of 186894
 
Fred,
RE:"I think what this week shows more than anything is why nearly all
mutual fund managers underperform the market year after year after
year."

Humm, and here I always thought the mutual funds underperformed the averages because they have to carry cash. In the last 15 years cash has been trash. Not to mention management fees and 12b1 charges. <G>

Jim

PS, Extra credit for anyone who knows what famous analyst coined the phrase.."Cash is trash"?
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