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Catch a fallen superstar: Big-name investors face hard times

October 03, 2006 | About:

Everyone knows you should watch superstar investors if you want to figure out where the market is headed. But not many realize that the best time to listen to these great investing minds is just after they've endured a period of being really, really bad.

For proof of that, cast back your mind to the heady days of 1999. Dot-coms were blasting off into the Gamma Quadrant and so were a crew of tech-addled money managers whose names are now, thankfully, lost to oblivion. Transfixed by the wonder of it all, apparently sane people were deserting any manager who steered clear of the Nasdaq launching pad, even if that manager had beaten the market for years. Longtime winners such as Warren Buffett and Mason Hawkins in the U.S., or Francis Chou in Canada, endured scathing press and miserable results.

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