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

To: Knighty Tin who wrote (29865)	7/18/1998 4:17:00 PM
From: Knighty Tin	Respond to of 132070

To All, Barron's was so-so this week, with only a couple of interesting bits: 1. The firing of Mike DiCarlo from management of The John Hancock Special Equities Fund was a bit of surprise to me. This is one of the brighter of the run and gun momentum players. But, despite kicking major butt five years in a row, his last two years have been crummy. What have you done for me lately is the name of the run and gun game. And, in 1998, nobody cares that you beat the world from 1991-1996. -g- 2. A nice article about how Hollywood types lost their shirts in a hedge fund. (Barbra Streisand without her shirt. Ewwwww! Actually, I once saw her without her shirt in The Owl and The Pussycat and it was a pretty nice sight. But the thought is ickier than the reality. -g-) The fund was run by a former broker. Don't get me wrong on this. One of the best portfolio managers I know, Ken Jilek at NationsBank, is a former broker. That occupation does not preclude you from doing well in the portfolio management business. But, to jump directly from the sell side to a high risk hedge fund, with no seasoning in between, sounds like too large a leap, IMHO. And it certainly was in this case. And I sure hate to see Robert Shapiro lose all the money O.J. paid him. -g- 3. The 100 Best Mutual Fund Managers were listed. Not all of them are idiots. Two things stood out as I read the piece. First, those who were willing to take large risks with their shareholders money fared best during this bubble. Duh! Second, my two former firms in the biz, The United Funds and Van Kampen/American Capital, scored nary a hit on this list. That made me sad. When I joined American Capital, it was the only firm in the country to ever have 4 mutual funds on The Forbes Honor Roll at one time, and it did so 3 years in a row. Now, nut'n honey. I know that The United Funds are at least trying to make the list, hence one of the managers on the 10 worst list, but so far, no brass rings. C'mon, guys and gals, I want you to do well because I still have fond memories, and, to be frank, you are making my resume look shabby. -g- 4. The Market Watch has two great notes from Pomboy Capital about contrarianism and Mogambu Guru about the Fed's printing of cash. Worth the price of the rag. Good luck, MB