Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: $Revision: 1.6.2.16 $; site ima.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!ucbvax!decvax!cca!ima!johnl
From: johnl@ima.UUCP
Newsgroups: net.invest
Subject: Re: want info on Dreyfus funds
Message-ID: <109000002@ima.UUCP>
Date: Mon, 23-Sep-85 20:39:00 EDT
Article-I.D.: ima.109000002
Posted: Mon Sep 23 20:39:00 1985
Date-Received: Thu, 26-Sep-85 07:40:47 EDT
References: <1361@hound.UUCP>
Lines: 19
Nf-ID: #R:hound:-136100:ima:109000002:000:1100
Nf-From: ima!johnl    Sep 23 20:39:00 1985


The September 16 issue of Forbes has their annual mutual fund ratings.  
Rather than report one-year performance, which tells you more about luck 
than about skill, they have a complicated rating formula which figures out 
the performance of each fund in periods where the market was generally up 
and periods when it was generally down, and tries to factor out effects of 
general market motion, and of occasional lucky or unlucky guesses.  They 
have an "honor roll" of 23 funds which have performed consistently well over
the past 10 years.  I can post it if there is interest, though if you really
care you should go look it up in the library.

Relative to the original posting, none of the honor roll funds were from
Dreyfus.  The worst of all was anything managed by Charles Steadman, with
whom they publish a rather sad interview.  There are also lots of other
interviews with such notables as Peter Lynch, manager of the fantastically
successful Fidelity Magellan Fund (which is now so big it can't possibly do
as well as it used to, though you could do a lot worse.)

John Levine, ima!johnl


Brought to you by Super Global Mega Corp .com