Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: CatLady who wrote (12084)	12/21/1997 8:15:00 PM
From: kas1	Read Replies (1) of 94695

index funds and their popularity show the ignorance of most folks to the big picture. "but index funds beat all the mutual funds!" well, sure, in a wild bull market, going 100% margin on yahoo and netscape will also trounce any well-hedged diversified strategy. a lot of pros go for index funds, with a full understanding of the risks they take. that's just fine. but many small-time investors think that index funds are the way to get a free lunch! if you are experienced with a certain cluster of gray buildings on east 58th street in chicago (as i am), you will know what tanstaafl means...

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