Turnover tends to add value in small cap growth funds.
More Quotes from Russ Kinnel:
A year ago, it would have been a good time to bail out but now they seem to be making some improvements, ... In cases like this where there is potential for a turnaround it's a tougher call.Russ Kinnel
You've got two low-cost, high performance funds. I would rather own a big fund than a tiny, no-name fund. Look at the resources behind Fidelity or Vanguard. You have a bunch of very talented people.
Russ Kinnel
Like baseball managers, there's almost too much credit given to a fund manager when (a fund) does well, and too little when it does poorly. It's very healthy to look beyond a star manager.
Russ Kinnel
Look in a category, any category, and if you saw a fund doing really well, or really poorly, nine times out of 10 the explanation, the answer, was energy. This year it was all about energy.
Russ Kinnel
A year and a half ago I realized that it wouldn't happen in the next few years. I sold the fund. It had decent returns, but it was time to move on.
Russ Kinnel
In general, the fund industry can do better.
Russ Kinnel
Readers Who Like This Quotation Also Like:
For sure I would be a very emotional captain. A very hands-on captain.Payne Stewart
I think on balance, Don King has been bad for boxing. I think he's done some very good things and I think he did a heck of a job of promoting Ali but I think I could have promoted Ali.
Dick Schaap
Contempt for happiness is usually contempt for other people's happiness, and is an elegant disguise for hatred of the human race.
Bertrand Russell