"Ed has been doing this a long time," said Daniel P. Wiener, editor of The Independent Adviser for Vanguard Investors, a newsletter.

"He has finally been able to run with the tide, instead of against it," said Daniel Wiener, editor of the Independent Adviser for Vanguard Investors, a newsletter.

The market value was about $730,000 at the time, calculated Daniel P. Wiener, editor of the Independent Adviser for Vanguard Investors, in Watertown, Mass.

"In many cases," said Daniel P. Wiener, publisher of the newsletter Independent Adviser for Vanguard Investors, the executive who does the choosing "doesn't have a clue about investing."

Daniel P. Wiener, editor of the Independent Adviser for Vanguard Investors in Potomac, Md., added up the amounts disclosed in the proxies and analyzed the top holdings.

"They just can't figure out how they really feel about it," said Daniel Wiener, editor of The Independent Adviser for Vanguard Investors, a newsletter.

Daniel P. Wiener, editor of the Independent Adviser for Vanguard Investors, a newsletter based in Watertown, Mass., echoed Mr. Weitz's observations.

But not all of the fund's weakness came from Asia, said Daniel P. Wiener, editor of the Independent Adviser for Vanguard Investors, a newsletter based in Potomac, Md.

"I have some hopes this is going to be one to go for," said Daniel Wiener, the editor of the Independent Adviser for Vanguard Investors.

Thus, the "The Vanguard Adviser" became "The Independent Adviser for Vanguard Investors."