Generally you go with a manager who has a meaningful track record somewhere. It doesn't guarantee this is a smart or good manager, but at least it said I've got a few years and I can learn a lot from that.
More Quotes from Russel Kinnel:
I don't see it having a big impact. The whole point of mutual funds is to avoid the Wall Street bias and most shops have their own in-house research. Big firms, like a Fidelity, have 200 professionals across the world so they never cared about the Street research to begin with.Russel Kinnel
A tax-managed fund is simply a fund who's goal it is to maximize after-tax returns, whereas most funds are focused on pretax returns, ... I think the one thing that probably all of them have is the idea of selling losers to offset gains. If you've just realized profits on one stock you'll sell a few dogs.
Russel Kinnel
This category has performed very well. It's one of the best and most innovative things the fund industry has come up with and partly that's because they do such a crummy job with the rest of their funds on taxes.
Russel Kinnel
And not just to look at those two options either, ... If they can't get good management at modest cost, then liquidation is a good option too.
Russel Kinnel
Lange's style -- which includes more foreign and smaller companies -- has resulted in a portfolio that doesn't track the SP so closely, and his beta was 1.23. No one would accuse Lange as a closet indexer, ... He's done an awesome job at Capital Appreciation.
Russel Kinnel
You have a very conservative strategy even though the bond stake isn't great. They're not going to stretch to produce yield.
Russel Kinnel
Readers Who Like This Quotation Also Like:
When you go to the theater, if you're really involved in the play, you don't think about it - you're in it.William Kraft
If civilians are going to be killed, I would rather have them be their civilians than our civilians.
Stuart Symington
Israel cannot afford to stand against the entire world and be denounced as the aggressor.
Moshe Dayan