Climbing Jacob's Ladder

Manager Ryan Jacob talks about how the Jacob Internet Fund bounced back after the Internet bust -- and how he sees the sector now

Internet companies are making money again, says portfolio manager Ryan Jacob, one of the most visible faces of the late-1990s Web-stock boom. He racked up an otherworldly 225% annualized gain as manager of Kinetics Internet fund (WWWFX) before launching the Jacob Internet Fund (JAMFX) in 1999.

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