In addition, Orkin's stock picking has been good over the years. In this volatile and sometimes irrational market, where stocks with no earnings or even losses have prices that are unreal, I feel that Orkin's strategy will work. Even the Internet players admit that a shakeout is due and that many companies won't be around in a few years. That could mean takeovers or mergers. In this case, it is clear that there is a serious mismatch.
Sale is prudent.
So is a professional review of the man's investment profile. It opens up a tremendous opportunity for people to talk about the why and wherefore of buy and hold. At the same time, it speaks to the huge job we have ahead of ourselves in terms of helping the investor help themselves. I think a balanced fund that hedges with bonds is more appropriate. It seems that Mr. Webster also placed a very large percentage of his net worth in the fund.