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To: Jan Crawley who wrote (91966)1/23/2000 7:18:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
I think it's a huge advantage. The only problem is that the big money feels this mandate to stay fully-invested.

Every time I talk with a fund manager I get the same response, "My investors pay me to invest their money, not keep it in cash." I think it's a short sighted response. I think their investors pay them to be smart with the money.


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