Smarter Money: The Landis Backlash

The backlash against my criticism of the mutual fund industry is beginning and, as usual, I will present it along with my own view so you can make up your own minds. Yesterday, I got an incredibly well-reasoned letter that pretty much encapsulates all of the mutual fund excuses in one neat package for all to read. Here goes:

"First off, let me say that I own none of the Firsthand funds, so I am not trying to defend a position I currently have. I have been following your constant hammering of Kevin Landis lately and, frankly, I am surprised that someone like yourself who has been around this game for a while and theoretically knows how investments work is attacking Firsthand for the reasons you are.

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