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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (23111)	8/19/1998 12:08:00 PM
From: Steve Warkentin	Read Replies (1) \| Respond to of 70976

Shouldn't AMAT be up today on DELL's great earnings and very postive outlook?

To: uu who wrote (23111)	8/19/1998 12:29:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 70976

That was probably from Q2 of 1997, not Q3. In the second half of last year, Fleckenstein's RTM Fund had a monster return (off the top of my head, I think 140%), and pulled his 3-4 year record even with the S&P 500. When this mania ends (hint: it is starting to), he will pull well ahead of the indices. BTW, does Morningstar include hedge fund performance in their regular service? Tom

To: uu who wrote (23111)	8/19/1998 1:01:00 PM
From: Ian@SI	Respond to of 70976

Addi, If his fund was up 100% in the last 4 years, it would be included in the other 97% of funds that lost to the S&P 500. i.e. - one would have beat that performance by merely buying AMEX:SPY and holding. Only doubling funds in the US Equity market during that period is rather sorry performance indeed. And for the Flakeinstein to get the idea that this is a bubble, then ignore all input to the contrary, is a sure path to ruin. There's nothing as dangerous as a man with a single idea. FWIW, Ian.