"a herd of frightened bankers is more terrifying than all of the nuclear weapons on the planet."


funds like this, that outperform the market average reliably (but barely) are facing the greatest challenge in their existence.

with a strategy for long term growth, or really any strategy, how can you nearly double the value of your portfolio in a measurable amount of time?

this fund has lost 5< years of growth, and in the "new" economy that will rise from the ashes, how likely is it that it will EVER get back to those levels?

I hate to say it: there is no way in hell that this, or really ANY, fund will ever hit pre crash levels.


this is a mutual fund, so I doubt most of the people who are concerned with it know technical details about this current crash:


from an obvious standpoint, this crash has been due to lending policies. from a less obvious standpoint, this crash has been due to the failure of the Credit Default Swap, and the exposure of its ludicrous and nearly fraudulent nature.


cheap/"low risk" debt will no longer exist. banks will never again be able to lend ANYONE money at a "low cost."

the insurance that USED to exist on these loans has been proven to be worthless.

now, in performing the somewhat abstract calculations that determine the risk and, hence, the "cost" of lending money, any parameters associated with RISK will now grow huge.


we will enter into the days of >20% loans as the norm.


can you possibly imagine how small the rate of growth will be in such an environment?


this is the future (of the world really). the party is over.

the glory days are TRULY gone. this is not some tech bubble burst.

this is proof that the prior financial system was faulty at its core (not enough regulation on financial system), and it has lead to the most dreaded and most powerful force on the planet:

a "frightened" accountant/banker.


a herd of frightened bankers is more terrifying than all of the nuclear weapons on the planet.