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To: sammy™ -_- who wrote (491)	6/25/2006 1:47:17 PM
From: sammy™ -_-	Read Replies (1) \| Respond to of 1939

The market is chock-full of short-term performance chasers. These are investors who steer their capital toward investment managers who have generated recent hot performance. By the way, I consider anything less than five years to be short-term. Short-term performance chasers tend to be emotional and impulsive. When an investment strategy is not working investors get frustrated. Switching to a different strategy is seen as a fix. The problem is that short-term performance-chasing leads to underperformance, not outperformance