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

To: Knighty Tin who wrote (94488)	2/12/2002 9:33:58 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 132070

Ow. Curb your doggerel. -g-

To: Knighty Tin who wrote (94488)	2/13/2002 9:40:33 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, there is a great article in today's Urinal, Section 3, about growth fund managers resigning. A former colleague of mine at American Capital, Jon Schoolar, now at AIM, is the focus of the story. Jon is a great guy, though I never knew him as a fund manager. He was an equity trader at American Capital. But one comment from Jon caught my attention. He basically blamed the problem on the fact that growth stocks collapsed. He now believes they will be back in vogue. I would disagree. Growth collapsed, not growth stocks. Most of the growth was phony to begin with and you can't fake the #s forever. So, a Cisco did not decline because growth stocks are out of favor. It declined because earnings per share turned into a 31 cents loss per share in 2001. That is NOT growth. Anyway, my sympathy and empathy to Jon. And to all the run and gun fund shareholders.