The good news is that growth funds that are down this year, if you've been in them for 18 months or more, you've still made tremendous returns,
More Quotes from Russ Kinnel:
When you have this tremendous bull market, funds do seem boring, ... A lot of people have discovered Internet trading, and mutual funds don't give you the thrill of seeing your stock go up 50 percent.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
Any time you have a super-narrow universe and rationalize other stuff that's out there, it's a sure sign it's a gimmick fund.
Russ Kinnel
In the past, all bond fund blowups were interest-rate related.
Russ Kinnel
You can give yourself whiplash buying the ones that do the best in this quarter, ... You wouldn't want to buy a bunch of narrow funds.
Russ Kinnel
If someone has the guts to stick it out (in a loser fund), you shouldn't punish them. You should take care of your shareholders. That way you're practicing what you're preaching.
Russ Kinnel
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