"Good Active Managers Are Out There"

If you have the time to do enough research, you might want to forego the index funds, says BW's Lewis Braham

The strong gains in many stocks and bonds recently have boosted returns of every kind of fund so far this year. Indeed, the positive performance of equity funds is welcome news after three years of losses. Some money managers, however, are a little concerned that stock prices have moved ahead too far too fast, notes Lewis Braham, personal finance editor of BusinessWeek.

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