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To: Guy Gordon who wrote (11065)4/15/1999 12:17:00 AM
From: StockOperator  Read Replies (2) | Respond to of 99985
 
How do you account for the fact that 80% of mutual funds fail to beat the S&P 500? Aren't they this "smart money" you're talking about?

I believe you have answered the question yourself. The fact that they fail to beat the S&P 500 tells me no. Of course they are savvier than the avg. investor. But the fact that they have guidelines to live by places a different set of restrictions on them. Which I am sure ultimately affects their performance. I wonder how many of them have been forced into the internet arena unwillingly?

Regards,

SO



To: Guy Gordon who wrote (11065)4/15/1999 8:48:00 AM
From: Terry Whitman  Respond to of 99985
 
GG- the 'Smart Money' is the money that gets in at the bottoms and out at the tops- Whether it be Mutual Funds or Joe Six-packs, it makes no difference. Sometimes even you or I are the 'smart money'. <g>

Big money does not necessarily mean smart money.

TW