Mr Frum believes that a future agreement to cut spending - hethinks America spends muchtoo big a proportion of its GDP on health - and raise taxes, could very quickly bring the debt problem down to the level of quotidian normality.
Having a significant portion of your portfolio allocated to a winning stock sounds great, but the flip side is that you might also be subjected to a manager that missed Microsoft and decides to allocate toomuch into what hethinks is the "the next Microsoft" so that the clients can see that gain.