AMV613

Fund Frustration, Huffman-Style

I was a holder of this fund for many years prior to last September when everything started to fall off the cliff before jumping back in during the Spring.

I treat the fund as an investment that gives a better return than a bank account. I am not thinking of it as having performance like the Magellan Fund. It is a conservative fund that looks to protect principal and give a decent return. I think it fits that mold.

I appreciate Mr. Hussman's commentary and can understand his frustration. But to his credit, he is not abandoning his philosophy which I think over the long term leads to better sleep and less anxiety.

Thursday Outlook: Commodities, Global Markets

Your family is in my thoughts and prayers. Thank you for sharing the news with us as we consider you as part of our family. Do what you need to do, we will understand if you need to take time off here and there.

Best 'Currency' Right Now? It Might Be Gold

Unless you mean gold mining shares, precious metals are not liquid investments. Also, in the current deflationary environment -- I believe right now that is where we are -- it is not surprising to see all commodities falling in price. That will change once a bottom is in place. Right now, with the Dow off by nearly 500 points, I don't see the precious metals going anywhere but down today.

I am waiting patiently for the markets to tell me that they have bottomed. I might lose some of the upside, but I am not going to buy simply because things look cheap as opposed to last week. With that reasoning, I would be buying all the way down with commodities, foreign countries, foreign currencies and precious metals.

Lehman Files For Bankruptcy

Why did you cheer the bailout of Freddie Mac and Fannie Mae. I think it is a good thing that the companies and investment companies that have manipulated the markets, have caused managements to focus on quarterly earnings and not on the future are all now suffering from their own greed and short-sightedness. Perhaps in the aftermath, the market will right itself and wring out more than 20 years of greed-driven excesses.