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

To: Dave Feldman who wrote (96388)	6/27/2002 5:32:51 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Dave, good post. Wasatch and Oakmark are excellent value players, though I don't think they have many stocks to look at nowadays, as there are few cheap prices. I agree that if you know little about investing and don't want to be too involved, and are very young and very certain of your job security and have a strong reason to suspect that you'll be able to dollar cost average the current ridiculous valuations away, then indexing might be ok. It is totally true that the good funds are the ones who survive over time, unless they are managed by banks or insurance cos., in which case the clients don't know the difference and poorly managed funds can be kept around for decades with no changes. Both Vanguard and Fidelity have some good funds, but they suffer from toobigitis. That is a positive in bond funds, a negative in equity funds. But the thought of a random selection in those fund families gives me the boogie woogie blues. <g> However, I would take my chances with a random choice at First Eagle Sogen or Wasatch.