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To: Mama Bear who wrote (7459)6/13/1999 1:59:00 PM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
Of course they'd be best served by index funds. If those folks tried to choose a manager, they'd probably pick a loser. <g>

Fools and their money, my dear, the story never changes. No one manager seems to stay hot for long anyway.

I prefer the approach I mentioned in my last TigerInvestor column - when you want to know who was responsible for your last trade, just look in the mirror.



To: Mama Bear who wrote (7459)6/13/1999 4:36:00 PM
From: Dale BakerRead Replies (3) | Respond to of 118717
 
Just for giggles, I sketched out the $50 million 50% Gains Hypothetical Mutual Fund. Ground rules are simple:

--minimum market cap $100 million

--no shorts

--no options

--no margin

--no single position over 5%

--otherwise anything goes

I will post the positions tomorrow if I can and set up a Yahoo portfolio to track the results. If I sell a stock in my real portfolio, I will take it out of the FPGHMF (50% Gains Hypothetical Mutual Fund). No new purchases unless I free up cash somewhere else.

Should be good for a laugh.