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

To: Wildstar who wrote (37231)	11/22/1998 1:18:00 PM
From: Knighty Tin	Respond to of 132070

Wild, My feeling is that you have to at least try to outresearch Wall Street or you should hire a fund manager who will do it for you. While analysts may have company specific news that the co. is aware of, before anyone else, they are limited by their tunnel vision on specific industries and companies and an inability to understand the nature of competition. I think that by using Business Wire, Web sites and macro information to research a company and its competitors worldwide, you can beat these guys just about every time. Also, your opinion will not be prejudiced by whether or not you will have continued access to top management and a shot at IB business. In other words, you do not have all the information they have, but you will often have information they don't have. And if you can find a way to use that info wisely, you can crush their returns on stocks. As far as hiring a fund manager goes, that would have been my recommendation 20 years ago. But, today, too many fund managers are in cookie-cutter niches and you have to choose types and sectors anyway. And if you are smart enough to do that, you don't need the fund manager's fees. MB