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

To: BGR who wrote (55116)	4/8/1999 11:58:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

BGR, You missed the point. I know, what else is new? <G> The point is not that academics cannot outperform. That is a given. The point is that their concept of risk has proven, in the real world, to be not only idiotic, but dangerous. And every fund who took an MPT geeks advice definitely underperformed whatever benchmark he had. What a great idea. Surrender without honor. <g> The 80% number is fake and you know it. Once again, the S&P 500 is not the market and not even the benchmark for many if not most equity funds. Here are just a few of the ones you count as underperforming that have no connection to the S&P: Every sector fund, and there are thousands of them, every intl. fund, every balanced fund, etc. Why not say that 80% of funds outperformed the Value Line or the Russell 2000 and that proves that MPT is moronic? Same logic and neither your underperformance or this measure of outperformance makes any sense. MB