Occasionally they take aim on an entire industry, like telecommunications or electricity power generation. Understandably, this makes folks jumpy. Jumpy people have a regrettable tendency to sell stuff until they calm down. Really jumpy folks sell lots of stuff, and some of it could be ours. If this line of thinking makes you jumpy too, then go see your banker.
Bankers specialize in jumpy folks.
Finally, if you haven't already grabbed the phone and started yelling at your broker to sell our fund as fast as possible, you should understand the shifting sands of technology. It doesn't take billions of dollars to start a high tech company, like it did U.S. Steel or Ford Motor . Anybody can do it, and everybody does. Many of our companies are small, even though they dominate their market niche. It's much easier for a new technology to blow one of our companies out of the water than it was in the old days of canal, mining, railroad and steel companies.