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

To: Ilaine who wrote (48922)	2/25/1999 5:27:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Coby, that is funny. As a fund manager, nobody ever redeemed one of my funds. Or, if they put in the sell order, I simply held their kids hostage until they rescinded it. Sometimes that didn't work until I threatened to give them back. <g> So, I wouldn't know how to act if I had redemptions. Seriously, it is net redemptions that matter. I had over half a million shareholders. Some are going to die or lose their jobs or get sold a bill of goods by some fund jammer, but if the net is still positive, I was copacetic. Any manager who doesn't sell when he has net redemptions has a problem that is called getting fired and then going to jail. <g> MB