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To: Kirk © who wrote (22891)	8/2/2006 12:21:08 AM
From: dijaexyahoo	Read Replies (1) \| Respond to of 42834

--Excellent point, shres! IOW, kirk only believes the "experts" when he WANTS to believe the experts. IOW, when he wants to bash brinker, he cites the experts. Otherwise, he ignores them! -:) kirk responded: <<What nonsense! ALL the investment "experts" say 15 to 20% of mutual fund managers and stock pickers can and do beat the markets over the long haul.>> --What most experts actually say is that stock picking is a losing game in the long run. <<To liar dija: I know for a fact you ADMITTED you owned FLPSX because that fund manager had a good long term record. I own the fund too and it continues to crush the averages.>> --Actually, I never said I owned the fund, and I never did own the fund. I actually thought you were foolish to buy such a bloated fund that was restricted to buying low-priced stocks. I think the reason you are confused is that you and I used to argue with bernardo, who maintained that any mutual fund manager who beat the indexes over a period of time was simply lucky, and that due to the large number of MF managers a few were bound to beat it, just by the laws of probability. You and I argued that a few managers, such as Bill Miller and Joel Tillinghast, were NOT just lucky. But that doesn't change the fact that most experts agree with bernardo. << You also once complimented me on being good like the fund manager of FLPSX. So, you have let your hatred lead you to lie AGAIN because I doubt you forgot you owned that managed fund.>> --Again, I never owned that fund. But I DO own several funds whose managers have beaten the indexes over long periods of time. <<shres and dija have zero credibility and either lie or are just too ignorant of basic economic theory to take seriously. Either that or their hatred for me trumps common sense.>> --I don't hate you. Why would I hate you?

To: Kirk © who wrote (22891)	8/2/2006 10:18:38 AM
From: shres	Read Replies (1) \| Respond to of 42834

Kirk, here you go again with your unwarranted, unsupported and totally groundless charges. You disingenuously whine... "...Dija and shres, the dynamic lying pair, lie again... or they are just too ignorant to understand VERY basic economic theory...Simple to understand but easy to lie about...shres and dija have zero credibility and either lie or are just too ignorant of basic economic theory to take seriously...." Kirk your first defense seems to blast everyone as a "liar" and then claim harrassment. In fact, your action is indeed harassment. Now I admit that my background in economic theory is limited to a degree in economics but alas, it's only undergraduate and pales in comparison to your Ph.D. "equivalent" degree. You erroneously state, (noticed I didn't say lie Kirk?) that... "ALL the investment "experts" say 15 to 20% of mutual fund managers and stock pickers can and do beat the markets over the long haul..." This is just not true at all. It is true that 15-20% of mutual fund managers and/or stock pickers DO beat the market each year...however, it's never the same 15-20% over the long term. Bill Miller comes closest...can you provide just a few other names of fund managers who have beaten the market consistently over the long haul. Should be easy because you say "ALL the investment experts..." say it can be done. And Kirk, I might add that this gratuitous remark adds nothing to the debate and is a totally groundless attack.... "It is sad to see fellow human beings drop so low to let hatred color their judgement. shres and dija have zero credibility and either lie or are just too ignorant of basic economic theory to take seriously. Either that or their hatred for me trumps common sense." This statement is nothing more than a pitiful attempt to bolster your unsupportable position and set up phony straw men. Nonetheless, it is unwarranted harassment which should cease.

To: Kirk © who wrote (22891)	8/3/2006 11:13:18 AM
From: shres	Read Replies (1) \| Respond to of 42834

Kirk claims with absolutely no justification that... "ALL the investment "experts" say 15 to 20% of mutual fund managers and stock pickers can and do beat the markets over the long haul." Here is yet another expert who disagrees... In his just-published book, ``A Random Walk Guide to Investing,'' Burton Malkiel shows that over the past two decades index funds have outperformed 88 percent of managed funds. That is, investors paid the vast majority of mutual-fund managers to grow their capital more slowly than if they had simply invested it in market indexes. Can you tell us again the basis for your above claim Kirk?