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#fullpost{display:inline;}As word of 2008 performance trickles in, the final-year numbers confirming what everyone knew all along, it becomes clear that even the smartest guys in the room the year before weren’t nearly as smart last year.Short funds, treasuries, the dollar, the yen, and gold were about the only things that went up in 2008, Bloomberg reporting that 2007’s star performer, Ken Heebner’s CGM Focus Fund (CGMFX) which had gained 80 percent the year before, lost 48 percent in 2008.At |