Hi Karw, Too bad those notes don't have dates on them. Looks like both were written before March of 2000. Similar things were written about Mr. Lichello's book in the "Review" section of Amazon.com a while ago.
I can't say that the professional mutual fund managers have done all that well for their customers in the last three years no matter what their style. They've done okay themselves with their fat fees, but now their customers are liquidating putting further pressure on the market price of their securities.
It would appear that the AIMer, Peter Aan, had a better understanding of the market than R.D. Funkhauser when he said, ".....when the inevitable bear market comes (it will come, won't it?) then my allocation will look good, and there will be lots of cash to pick up bargains."