We look for managers who have enjoyed a great year and produced strong long-term performance. In addition, we want managers who put shareholders first and invest with conviction. The 2002 winners we selected have all these qualities. Not all of them made money during the bear market, but they were able to keep losses small, enabling shareholders to endure the difficult market conditions of the past few years.
More Quotes from 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
In the past, all bond fund blowups were interest-rate related.
Russ Kinnel
Turnover tends to add value in small cap growth funds.
Russ Kinnel
Patience and tuning out the noise is what really gets rewarded in the market.
Russ Kinnel
A lot of managers will use Street research to make sure they didn't miss anything. But fund managers have learned to tune out most of Wall Street research anyway because it's so biased.
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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.
Russ Kinnel
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Based on Topics: Past Quotes, Performance QuotesLeaders keep their eyes on the horizon, not just on the bottom line.
Warren G. Bennis
I have noticed that nothing I never said ever did me any harm.
Calvin Coolidge