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

To: Steve Warkentin who wrote (49756)	1/8/2002 11:29:43 AM
From: Jurgis Bekepuris	Respond to of 54805

>>"I am not sure why people don't invest in >>the remaining 20%. It's not that difficult. ;-)" >Are you serious? Yes, I am. At least mostly. >After taking in to account expenses,loads,taxes and >the threat of managers shifting to better paying >fund companies, how can you sleep knowing that your >fund will possibly drift from that 20% tier? And have you looked at the 20% tier? Have you followed these managers? There are quite a few that are no-load, tax efficient, and with reasonable expenses. Also with managers spending their whole life there and not looking for easy career. How about Buffett whose expertise, integrity and so on everyone could have for the last 20 years for less than 100K a year? And it's not as if you had to invest with him from his first investment year. You could have jumped in 10-15 years after he had great investment record. OK, let's forget Buffett. How about Munger? You could have gotten him in WSC. Sequoia? Same team for ages, closed though. Clipper? Dodge and Cox? Tweedy Browne? Third Avenue? >Most indexers don't invest so they can beat the active > managers high expenses, but rather for the mere > simplicity of the market return. It's a no-brainer IMHO. Even if the market will return only 6-7% in the coming decade? Or are you expecting more like 10-20%? I won't beat the dead dog of the last two years of market returns. Jurgis - I can hold Clipper and sleep well at night thank you very much