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

To: Knighty Tin who wrote (34351)	10/23/1998 5:04:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, Another brilliant interview with a money manager on CNBS today. This time the interviewer was Sue Herrara, who I kind of like. At least her voice is soothing and she doesn't pretend to know anything. She was talking to a nice gentleman from Firsthand Technology Fund in San Jose. His recipe was the standard "buy what went up yesterday" claptrap. When he told her his investment strategy for buying internet stocks, Sue thanked him for sharing his secrets. Now, if I were conducting the interview, there would be other "secrets" I would ask him about. Here is the big one: "Mr. Landis, in the year ending Sept 30, 1998, the average technology and science fund was down 6%. Even Fidelity, about as generic a bunch of goofs as you could find anywhere, was down only 4%. How did you manage to achieve a loss of over 37%? Do you consider it luck or are you consistently wrong?" Of course, just to make him understand it wasn't personal, I would thank him for his time and great opinions (for contrarians to bet against) and congratulate him on the fact that he felt secure enough to eschew the necktie for an appearance on national television. <G> Think how casual and relaxed this guy will be if he ever has an up year. He will be the poster child for Valium commercials. MB