I do like the manager. It's a fund for someone to devote a little money to, but not make it a core holding.
More Quotes from Paul Herbert:
I won't say there isn't a place for those kinds of funds, but I think the price risk, and the fact that they tend to be concentrated in certain sectors, can be something investors overlook when they see really great one-year numbers. People need to understand what they really do and the chances they're taking.Paul Herbert
These sorts of funds have set themselves up to outperform by virtue of the fact that individual picks can really make a difference.
Paul Herbert
Investors who are in an actively managed small-cap fund that has had high returns for several years and has grown in size should expect management to eventually close the fund to new investors. Two examples of funds that did this are Dreyfus Mid Cap Value and Artisan Mid Cap Value , which announced they were closing in early 2002.
Paul Herbert
It's good to have some exposure to large growth in your portfolio independent of intraday dramatic moves.
Paul Herbert
They have a team approach to management, but the strategy has been consistent.
Paul Herbert
Readers Who Like This Quotation Also Like:
I do Yoga. I'd like to say I do it every morning, but I don't, I just don't have the time.Radha Mitchell
The old approach of sacrificing the needs of one group to benefit another just won't work.
Michael K. Simpson
I knew more about Texas than the Texans and when they told me I would find summer here I smiled knowingly.
Richard H. Davis