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To: tom pope who wrote (83861)5/1/2007 3:02:37 PM
From: chowder  Respond to of 206332
 
>>> Money management? <<<

Again, it depends.

I may be wrong but, I thought he said he doesn't have to be fully invested anymore. Money is safely tucked away. If I'm wrong about this, I apologize up front.

If someone steps aside and then goes to being close to being fully invested, then yeah, I'd say that was good money management.

I was focusing on skill. Skill shows up when people can earn consistent profits in a down market. At least that's how I would define skill and have a way of measuring it.