That got me to look at the rest of the portfolio. I've made lots of arguments against mutual funds in this column. If I'm going to make an argument for them, I think it's got to be that funds allow you to invest in a group of stocks that you don't have the guts to buy on your own. And if you're going to buy a managed fund rather than an index, then I think you've got to believe that a manager can add some value. But I will argue that tech lovers should take a look at other market sectors.
Value stocks are certainly less exciting than tech.
I bought this fund in 1995, and I've roughly doubled my money. So I decided to add to my value holdings. I hate small-cap value, the dogs of the stock universe. If you're going to buy small companies, then I think you ought to buy growth. But no longer.