Going through the list, there's a lot of really excellent older funds.
Internet funds certainly smack of being gimmicky. It's still unclear who the ultimate winners and losers will be. It's a squishy area.
Bill Miller is someone who very much has embraced the new economy. But he's buying some old economy stocks because he thinks they look so cheap relative to the fundamentals.
The advantage of a mutual fund for small-cap investing is they can do the research an individual might not be able to do and get into a company before the broader market picks up on it.
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