For individual investors, the moral of the story is diversification. The top three funds are income funds. That says something. These are staid companies, with some bonds.
More Quotes from Reuben Brewer:
It (diversification) is not a bunch of hooey, ... Are you going to be able to sleep at night if you lose half your portfolioReuben Brewer
I think the most salient issue right now (in the industry) is how to make a buck.
Reuben Brewer
No matter how many times you yell at people, they're always going to follow what's doing well at the moment, ... Does it mean that investors will go for those really hot tech funds Yes. Does this mean death to index funds No. Indexing is still a very valid strategy. Over time, most managers don't beat the index.
Reuben Brewer
It's a tough tradeoff between infringing on the individual manager and protecting the rights of investors, ... Managers have a right to trade. If you take away that right, they're going to quit.
Reuben Brewer
Look at it. Make sure it's the one you want.
Reuben Brewer
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