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Rekenthaler Report

Lessons From the Time I Gave Investment Advice

Learning from the school of hard knocks.

The Investment Game
In 1993, The New York Times asked me to participate in a fund-selection contest, along with three newsletter editors and one financial advisor. Sure, I replied, confidently. The other four players each followed segments of the mutual fund industry, while I covered the whole shebang. Over the previous five years, I had spoken with just about every stock-fund manager in existence (the industry being much smaller then). Plus, unlike the other participants, I had a research team at my side.

What was not to like? I could demonstrate my ability to select mutual funds, while helping some readers along the way.