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

To: ForYourEyesOnly who wrote (56656)	4/20/1999 10:34:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

THC, Exactly. If you talk to pro futures traders, they always try to catch a long trend, up or down. Those do happen, but they are more rare than most suppose. Which is why this year's top futures trader usually becomes next year's basket case. This is especially true in commodity funds. A trader has a great record and he starts a public fund. It goes belly up almost immediately. But the public always wants the guy who was hot last year. The most famous was Richard Dennis, a brilliant trader. But Richard made his money one year, started a public fund the next, croaked using the exact same techniques, and then made money again the next year. He did great. His investors didn't do so hot. <G>