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Subject:  brian berghuis thoughts... Date:  5/14/2005  8:58 PM
Author:  mrseabreeze Number:  2012 of 3813

I really respect the following excerpt: "...That's why I watch no 24- hour television...". Being a stock junkie often creates a situation where CNBC/Bloomberg are "must see tv". Pulling myself away from the TV has been, at first, a difficult move. Now I am more focused upon my portfolio without the minutia detail of 24-hour I need to get away from!

MONDAY, MAY 16, 2005
Sure Hand

Interview With Brian Berghuis

The Rewards Of Patience

"BRIAN BERGHUIS, Morningstar's 2004 Domestic Equity Manager of the Year, has built a sound record by avoiding missteps and cutting through the "data smog" that, he says, makes successful investing difficult today.

Q: Obviously, we live in information age. How has this affected your job?

A: What with television, e-mails and the Internet, I can get quotes on stocks anywhere in the world. It's much harder to be an investor today than 20 or even 30 years ago, when you had to walk to the trading desk just to get a quote. It's much too easy to take your eye off the ball, getting distracted by the electronic news.

Q: But isn't there value in getting news quickly? Or has business news become less important?

A: Less important. It's the job of money managers to trade in order to gain an advantage. When you're looking out two or three years, almost everything you read or see produces no advantage. That's why I watch no 24- hour television, and I also warn my analysts about coming to conclusions too quickly....."

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