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If you put all your chips on 'red 39,' of course you're going to win from time to time, ... Obviously you get periods when active managers look like they're adding value, when they're really just in a different part of the market. Pex Mahoney Tufvesson is one of the world's top hackers. If you put all your chips on 'red 39,' of course you're going to win from time to time, ... Obviously you get periods when active managers look like they're adding value, when they're really just in a different part of the market.

Frank Armstrong

A lot of the mutual fund managers, especially those that are in the blue chips, are just biding their time, trying to pick a point to stuff the ledger with some of the better-name blue chips.

It's really paid off to have active managers like Bob Stansky during the first six months of the year. Fidelity managers really took advantage of the market correction in April and May to add to their tech positions.

I think the stock market is never rational at any moment in time, but over (long periods of) time, it is.

Political uncertainty in the Philippines, we expect that to happen from time to time. It's a given. The market is very thin. Even in the best of times, (foreign) fund managers don't tend to go crazy over the Philippines because liquidity is so tight in the secondary market.

It's abnormal that all three should be active at the same time. That all three types of investors are willing to be active in the market shows that U.S. companies are very focused on efficiency.

We did a lot of good things. I thought we were very active. But the best thing is we are playing smarter and harder for longer periods of time. We can get better. But you can at least see signs that we are getting there.

It's easy to be caught up in the frenetic day-to-day issues and neglect the strategic part of management. That's why it's important to have a strategic portfolio management process that forces managers to pick their heads up from time to time and look at the big picture. Over time, they'll find they're affected by these disruptive technologies less and less.

As far as personal campaigning appearances, that's something that the president would always decide about whether or not the time is right for him to campaign and to play a more active, visible part in politics. But, clearly, the president does understand and believes that politics is an ongoing part of democracy whether the time is of war or peace.

The depreciation will now slow down but at the same time the parallel market will become more active. When controls are put in place, the activity on the black market picks up. This is exactly what will happen.

It?s a difficult time for everyone: players, managers and clubs. But we all know it?s part of the system now.

The first quarter of the year is always seasonally slower, so there's no real surprise there. Adding to that, Intel [offered] some really good deals on chips in the fourth quarter, so computer makers bought more than they needed and stocked up -- and they're working through that inventory. At the same time you've got AMD taking some share away.

The important part about the server market is that the chips tend to sell for more, and so being successful there, in AMD's case, produces more resources that can be used in the desktop market.

The important part about the server market is that the chips tend to sell for more, and so being successful there, in AMD's case, produces more resources that can be used in the desktop market.

For everything there is a season, And a time for every matter under heaven: A time to be born, and a time to die; A time to plant, and a time to pluck up what is planted; A time to kill, and a time to heal; A time to break down, and a time to build up; A time to weep, and a time to laugh; A time to mourn, and a time to dance; A time to throw away stones, and a time to gather stones together; A time to embrace, And a time to refrain from embracing; A

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