Jim Lowell Quotes (13 Quotes)

This move reflects the fact that Fidelity, while not directly acknowledging it, is tacitly admitting what we all know that the fund business is maturing, while the other two areas affected by today's announcements, namely the venture capital side and retirement services, have long-term prospects for significant growth,

Fidelity has an above average number of talented managers, ... They're the best in the business.

Their single best investment wasn't Microsoft. It was cold, hard cash,

It means that without having to do any additional marketing, money will flow through their retirement-account pipelines directly to them. And anytime you can get a government to build a door that goes directly to your shop, well, why not.

I don't think it's a big deal at all, unless you're invested in high yield,

You can't use that to mask the real potential weakness in what used to be - or arguably still is - their core business. There's no question they've been moving against the tide with Magellan's woeful performance. And investors tend to think that as the flagship fund goes, so goes the rest of the fleet.

Fidelity and others understand that beating Wall Street these days is half the battle. You've also got to be able to play on Pennsylvania Avenue.

Trust the fund managers that you knew were equipped to do the job prior to (last Tuesday).

Mutual fund investors will share in the pain. The funds that will probably be hit the hardest are the growth and income funds, ... They tend to overweight as much in financials as growth funds overweight in technology.

It's like a flashlight on a life raft in the middle of the Atlantic -- good luck finding it. But if there's nearly 3 trillion floating around, and you can hit it with products that relate to Japanese investors' culture and objectives -- a savings and income orientation -- then you're talking about a significant business opportunity.

The majority of Fidelity growth and growth income funds remained underweight technology - some by inches, and some by miles.

He may not have had a choice. If Peter had control over it, he wouldn't have sold. His loyalty is very deep. It's not a vote of no-confidence.

Beth is clearly one of their big names. The good news is she's not leaving to start a hedge fund.