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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (32147)	9/24/2000 1:51:41 PM
From: straight life	Read Replies (1) \| Respond to of 54805

There's a good review in the NY Times Book Review of "When Genius Failed The Rise and Fall of Long-Term Capital Management" by Roger Loewenstein. The review was written by the estimable Floyd Norris, long of Barron's, now the NYTimes. One paragraph by Mr. Norris GGs might be of note to readers here: "One lesson that should be learned is that there are great limits on what academics can do for investors. There has been a pattern in recent years of professors finding patterns and pronouncing them to be the sure road to growth. The result is always the same: as investors learn of the professors' findings and begin to follow them, the findings become truer than ever. Eventually, so many people have done it that the strategy is overdone and prices become far too high. Then some shock destroys the academic theory." Something to think about, perhaps.