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URL:  http://boards.fool.com/warren-buffett-doesnt-manage-an-open-ended-fund-22860105.aspx

Subject:  Re: Asset Allocation Date:  8/8/2005  6:08 PM
Author:  Crosenfield Number:  47166 of 76243

Warren Buffett doesn't manage an open-ended fund!
And the open-ended fund managers, on the whole, don't daytrade. Some funds do have 100% turnover in a year, however.
None of those managers are as rich as Buffett. Some of them start out with fund companies and then start their own. The first year they tend to do well.
Best wishes, Chris
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