There's constant discussion about the Vanguard Index 500 Fund. If you say, 'I want a great index fund,' you think of the Vanguard 500 Index Fund. If you say, 'I want a great actively-managed fund,' there are many different names.
More Quotes from Russ Kinnel:
It's a sign that the fund is shifting valuations after spending the last nine to 12 months investing more heavily in growth stocks. It looks more like a blend of growth and value, and heading more toward the kind of SP 500 issue.Russ Kinnel
Mutual funds can make you rich very slowly, ... They're not going to make you get rich quick. The way to get rich fast is to take enormous risks.
Russ Kinnel
If you're choosing between supermarkets, look for what services you want, what reports you want, whether you want retirement tools, or detailed reports on taxes. The point of a supermarket is convenience. If it's not convenient, then it defeats the purpose.
Russ Kinnel
What Stansky has done by outperforming the SP 500 is shown that while asset size is a handicap for an actively managed fund, it's not devastating. You have to be flexible. And you have to adopt a large-cap, low-turnover strategy,
Russ Kinnel
This is a consolidation period in the industry, both in terms of staffing and the number of funds. We've seen a lot of fund mergers recently and some layoffs.
Russ Kinnel
The fund industry doesn't have a lot of heroes, but he (Bogle) is one of them. The fund industry is a much better place because of him.
Russ Kinnel
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