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Strategies & Market Trends : PBHG Funds
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To: William Caldwell who wrote (126)2/25/1997 2:01:00 PM
From: Michael W. Brom   of 268
 
William:

A strong cash flow is good as long as there are good buys out there. It's when a fund manager feels compelled to invest the money when there are NOT good buys that a fund's performance lags, which usually happens more often than not.

just my opinion...

michael
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