yank

Where the Big Money Is Betting Big

Insider:
Let's be clear about Pickens returns. Yes, he lost billions in the last two years. Not mentioned however is that from 2001-2006 his fund delivered triple digit returns. Let's be fair here.

Yank


On May 16 09:06 AM Insiderman wrote:

> "Of course, the big money isn’t always the smart money. After the
> tech bubble burst, the big money was decimated. The average mutual
> fund was getting crushed. Most were losing money between 2001 and
> 2003. During this time, the big money was not smart money."
>
> This paragraph makes no sense in the context of your article. The
> BIG money isn't in mutual funds.
>
> Mutual fund managers almost always have a mandate to invest their
> funds in a particular way; that is, if they were "high tech" funds,
> then they had to be invested in high tech (with wiggle room to be
> some proportion in cash). The mutual fund companies fired up funds
> with a new tech mandate after venture capital companies started bringing
> companies to IPO stage. The BIG money made more big money when they
> sold share through the mutual fund to the "herd" of sheep.
>
> Now there IS big money that isn't necessarily smart, and sometimes
> even if they are smart they are too early or too late to the party.
> T. Boone Pickens just lost several BILLION over the last few years.
> Warren Buffett lost his mind over the last few years (well, he was
> an Obama supporter). Anyway, some might say he was a bit early to
> the party... but he always has been.
>
> Anyway, don't confuse BIG money with big piles of money from small
> investors.