Ryan Jacob, who became a poster boy for the burst of the bubble after being lionized for his triple-digit returns in the 1990s, is back, Investors Business Daily reports.
The Jacob Internet Fund is up 43% over the past year, making it the nations best-performing stock fund for the past year, according to Morningstar. That certainly is a reversal of fortune, as the fund lost 79% in 2000, 56% in 2001 and 13% in 2002. Its three-year annualized loss is 41%, versus a 12% decline for the S&P 500.
Jacob says he has mostly stopped buying dot-com staples, such as Amazon, eBay and Yahoo!, which he used to buy and hold. Instead, he trades in and out of an obscure mix of small- and mid-cap stocks, such as three Chinese portals he now holds.
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