He may not have had a choice. If Peter had control over it, he wouldn't have sold. His loyalty is very deep. It's not a vote of no-confidence.
More Quotes from Jim Lowell:
You can't use that to mask the real potential weakness in what used to be - or arguably still is - their core business. There's no question they've been moving against the tide with Magellan's woeful performance. And investors tend to think that as the flagship fund goes, so goes the rest of the fleet.Jim Lowell
I don't think it's a big deal at all, unless you're invested in high yield,
Jim Lowell
It's like a flashlight on a life raft in the middle of the Atlantic -- good luck finding it. But if there's nearly 3 trillion floating around, and you can hit it with products that relate to Japanese investors' culture and objectives -- a savings and income orientation -- then you're talking about a significant business opportunity.
Jim Lowell
Fidelity and others understand that beating Wall Street these days is half the battle. You've also got to be able to play on Pennsylvania Avenue.
Jim Lowell
Beth is clearly one of their big names. The good news is she's not leaving to start a hedge fund.
Jim Lowell
The majority of Fidelity growth and growth income funds remained underweight technology - some by inches, and some by miles.
Jim Lowell
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Based on Topics: Loyalty QuotesBased on Keywords: no-confidence
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