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,
More Quotes from Russ Kinnel:
The performance picture is muddied, however, because many troubled Merrill funds have been merged with others or liquidated. Merrill's record looks better than it is when you consider the bad funds they've merged away, ... They swept quite a bit under the rug.Russ Kinnel
A year and a half ago I realized that it wouldn't happen in the next few years. I sold the fund. It had decent returns, but it was time to move on.
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
Most fund company executives are very careful about what they say, ... Everybody could use a Jack Bogle.
Russ Kinnel
In general, the fund industry can do better.
Russ Kinnel
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: Strategy QuotesBased on Keywords: large-cap, low-turnover, outperforming, stansky
There is no greater delight than to be conscious of sincerity on self-examination.
Mencius
Power corrupts. Absolute power is kind of neat.
John F. Lehman, Jr.
There'll be no oiling up with this band. The oil has been there for years and it only gets better.
Clarence Clemons