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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (90918)5/10/2001 6:43:20 PM
From: Thomas M.  Read Replies (1) | Respond to of 132070
 
Jeez, you have a lot of time on your hands. -g-

A couple of Barron's items brought you to mind as I was reading them. I don't know if you can comment or not.

The piece on the inventor of the money market mutual fund and his comments on safety being important, were interesting. He refuses commercial paper of any kind. For people who were part of the discussion a while back about making sure you are in a money fund which is free of toxic waste, his fund ("The Primary Fund") seems like a good choice.

Also, Bernie Madoff is being called into question for running a hedge fund with what seemed to be one of your favorite strategies, buy the stock, sell a call, buy a put. He returned between 11 and 18% every year during the 1990s, with only 4 down months. He is secretive about his strategies, a la LTCM, and it is being questioned whether he is really generating such returns. Many people were quoted saying that this type of strategy has been tried by many, but his returns have not been duplicated.

Tom



To: Knighty Tin who wrote (90918)5/10/2001 7:28:04 PM
From: Broken_Clock  Read Replies (1) | Respond to of 132070
 
One thing to be said about Sir Knight....

(may it be forever etched in his shield!)

"His humility knew no bounds."



To: Knighty Tin who wrote (90918)5/11/2001 5:43:00 PM
From: Yogizuna  Read Replies (3) | Respond to of 132070
 
Sad story: Message 13456659 The bubbleonians lost big time.... And poor Gail Dudack gets blamed!



To: Knighty Tin who wrote (90918)5/11/2001 7:29:15 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
knighty, jesse hasn't posted since april 2000. that CAN'T be good news, if you know what i mean. -ng-