Because, Bob Zuccaro argues, these days, people are willing to pay up. If something seems worth it, they will fork over top dollar. The same is true in the stock market, Zuccaro goes on. It s because investors recognize that it s a great company. Zuccaro also believes that despite the fact that tech stocks have fallen off a cliff this year, they will climb back.
People haven t lost their love affair with tech.
A 30-year investment veteran, Zuccaro runs an unusual mutual fund called Grand Prix Fund. And while his fund has suffered woefully this year down 27 percent as of last week investors aren t deserting, he reports with pleasure. Alas, recently the fund got sideswiped by the technology debacle. It s also true that investors apparently have confidence in the fund and its veteran manager, who, as he likes to point out, has managed money through seven bull markets, six bear markets and five recessions. Even though someone may not want a load fund, this fund is so unusual that, at the least, you may want to learn more about it.