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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (54498)	4/4/1999 12:53:00 PM
From: BGR	Read Replies (1) of 132070

Michael, Wharton didn't really teach analysis of companies. They mostly taught Modern Portfolio Theory, which stated that analysis was meaningless as those on Wall Street are already doing it for us. <g> Which is why we have seen three generations of analysts hit Wall Street who haven't got a clue about how to analyze a company. <g> I find it sad that even given the formal training you missed the wisdom in MPT. FYI, 80%+ of mutual funds lagged the S&P last year. So, if I may ask, have you averaged better than the market in the long run (not in specific bull or bear market segments) in your investment career? Since I have no way to verifying your answer, I will accept it on faith. -BGR.

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