Bill Miller is someone who very much has embraced the new economy. But he's buying some old economy stocks because he thinks they look so cheap relative to the fundamentals. |
Going through the list, there's a lot of really excellent older funds. |
Internet funds certainly smack of being gimmicky. It's still unclear who the ultimate winners and losers will be. It's a squishy area. |
The advantage of a mutual fund for small-cap investing is they can do the research an individual might not be able to do and get into a company before the broader market picks up on it. |
The thing that's most off the wall about these funds is they're charging people additional money they could get through an ordinary mutual fund. |