Let the hands-down expert on mutual funds show
you how "defensive" investing always wins the
day-no matterwhat the ecouomy or market is
doing.
Michael Hirsch will tell you never to confuse
investing with football. Says Hirsch, "Although
Coach Vinee Lombardi may claim that the best
defense is an offense, this rarely works in invest-
ing. For one thing, investing takes place not over
60 playing minutes, but over an open-ended
period. You don t know at what point you re
entering the game-nor when you ll be leaving
it." Hirsch will also teach you to screw your
head on backwards, distinguish a star from
a nova, watch out for the "fund du jour," realize
that Barnum was right, recognize the Don Quixote
search for the all-weather manager, and know
that what s once a tortoise is always a tortoise.
But what he s really talking about is constructing
a "bullet-proof" mutual fund portfolio--one that
will keep your money growing even in the worst
of economic times. One that won t let you down-
no matter what the market is doing.
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