Nobody who's following (Steadman) even with cursory diligence would have stayed with the funds, ... No-Load Fund Investor.
Quotes about no-load (3 Quotes)
Number one, long term, they will be a no-load buyer and a more cost-conscious investor and not lean so heavily on the advice of financial professionals. And two, it will force them to do a little self-educating, which is always a good thing. At the very least, if they are going to rely on someone else, they can ask intelligent questions.
You're entering into a world where you're paying for services. And often that will include a higher payment for managers as long as they perform well. On the no-load side, they're really trying to do everything as cheaply as they can. They have to compete on price.