Patience and tuning out the noise is what really gets rewarded in the market.
More Quotes from Russ Kinnel:
There's bound to be a strong interest in protecting your principal and your reputation. However, I think it can be a mixed bag. On the one hand, you have some nice stability. . . . But at the same time, there can be issues. You have to ask, has this person really earned their spot Obviously some will show experience beyond their years, for having grown up in it, and having fathers that can show them the ropes. That can be tremendously valuable.Russ Kinnel
Many investors probably don't realize how much of a difference there is in research at different shops. It's an under-appreciated part of the business, but it's the heart and soul of it.
Russ Kinnel
If it's a good fund it's still worthwhile. Hopefully, it's a long-term account and you're not saving to buy a car with it.
Russ Kinnel
Most agree that people should not rush to make changes to their mutual fund holdings. In general, it's just not a good idea to trade on emotion, ... Sit tight. The market once closed for four months after World War I, and when it reopened, companies continued to have value. The worst thing you can do is panic and sell.
Russ Kinnel
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