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To: chowder who wrote (24652)7/22/2003 11:27:40 AM
From: Dale Baker  Respond to of 206184
 
I am not a trader, so take my views FWIW. Buffett came to mind when I saw your prescription for a "failed" fund. But value investing takes time and doesn't produce mega-returns in any given year.

It also won't give you an ulcer or blow up your account if you get it wrong now and then.

Good luck with your quest. I will go back to lurking.



To: chowder who wrote (24652)7/22/2003 11:55:47 AM
From: Mark Adams  Read Replies (2) | Respond to of 206184
 
Can you tell me what's so brilliant about being down over the last 5 year period?

Buffet might say you are confusing price with value. Followers of the stock might say that intrinsic value increased during the time frame your chart illustrates.

I would say you are looking at the results of the 'trader' vs 'investor' paradigm. If one carefully studies all of the chestnuts of investing wisdom out there, contradiction abounds. Sorting those chestnuts into 'applicable to investing' vs 'applicable to trading' helps restore some sense of order.

Since you are a big fan of TA, I'll toss in one pot shot. I've seen it said that all of TA's performance could be attributed to good money management, an essential skill for 'traders'.

FWIW