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Strategies & Market Trends : Closed End Global and Country Funds
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To: Jyoti sharma who wrote (179)1/10/1998 11:55:00 AM
From: Tommaso   of 289
 
Thanks, that's my view also. I would consider myself to be very lucky to make 35% in a year, and I will leave it to short term traders to make 5.6% in a week. Because once you have done that, you are out--and then where do you go? Into another speculative short term position. The commissions and fees will eat you up.

If the premium disappears on KF I may buy some, if the Korean market still seems seriously undervalued. Meantime I am sitting here in frustration because MAKOX has not sent me any paperwork. They seem to have got a lot of business from the Templeton connection.

Sometimes I feel funny talking about Templeton as if he were a great monolithic financial presence. Actually he and my father were contemporaries in the same rural country in Tennessee, and when I was a child I played with his children. I have no memories of him in person, however. We locals thought of these people as somewhat effete city dwellers!
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