Russ Kinnel Quotes (79 Quotes)

You're using research that a lot of other people have seen.

He'll still have a big impact and a lot of influence, ... Brennan is not the outspoken zealot that Jack Bogle is. People want Jack to stay at Vanguard because he calls it like he sees it.

If you're choosing between supermarkets, look for what services you want, what reports you want, whether you want retirement tools, or detailed reports on taxes. The point of a supermarket is convenience. If it's not convenient, then it defeats the purpose.

It's a sign that the fund is shifting valuations after spending the last nine to 12 months investing more heavily in growth stocks. It looks more like a blend of growth and value, and heading more toward the kind of SP 500 issue.

Common Sense on Mutual Funds New Imperatives for the Intelligent Investor.

If you have a basketball team with seven great players, and one leaves ... the overall team is worse.

One of the worst things you can do is buy funds based on the returns of the last six months, ... Reason seems to have taken a vacation with these (Internet) stocks.

It's the flavor of the month, ... It's an overly narrow, gimmicky thing.

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.

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.

This is a fairly attractive time to invest.

Turnover tends to add value in small cap growth funds.

There are some positives to multi-management one is you get diversification of strategies and investments. What you're doing is diversifying at another meaningful level that you'd have to pick separate funds to do.

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.

When you have this tremendous bull market, funds do seem boring, ... A lot of people have discovered Internet trading, and mutual funds don't give you the thrill of seeing your stock go up 50 percent.

Most fund company executives are very careful about what they say, ... Everybody could use a Jack Bogle.

There are thousands of funds with no capital gains exposure.

It's a big problem for the industry. Mutual funds have a better time competing with hedge fund returns than with hedge fund salaries.

All of these funds you could own for 10 or 20 years. With all of them, I have a fair amount of confidence that things will go well for a long time.

He made investing make sense, ... His books are as good a read as you can find on investing.

It's a very tame approach to growth, but in a way I kind of like that. A lot of funds got carried away with 60 percent, 70 percent in technology. This fund won't throw you.

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,

The SEC is clearly staking out some valuable turf in terms of requiring that fund companies give truly accurate representations of their funds in ads,

It's a healthy sign of the industry. You see the average investor is being treated well by the industry.

It has some financial stocks and some other non-growth sectors so it's not a pure (growth) play, but who cares It's a great fund and it's not going to blow up on you.

Any time you have a super-narrow universe and rationalize other stuff that's out there, it's a sure sign it's a gimmick fund.

Sometimes we've seen managers fairly divorced from the process. Maybe they don't pay those fees or worry about tax consequences. But if they have a lot of money in the fund, you can bet they do.

great news if you're investing 10 or 20 years out.

Janus 20 and large-cap growth stocks could almost do nothing wrong in 1998 and 1999,

Most agree that people should not rush to make changes to their mutual fund holdings. In general, it's just not a good idea to trade on emotion, ... Sit tight. The market once closed for four months after World War I, and when it reopened, companies continued to have value. The worst thing you can do is panic and sell.

We were also impressed by what Dodge Cox Income didn't own, ... The fund is overweight in corporate bonds relative to its benchmark. In 2002, that meant trouble because investors ran from corporate bonds for fear they would get caught holding the next Enron. This fund not only avoided disasters, but it also found enough winners to return nearly 11 percent in 2002. Just as impressive, the fund's returns for the trailing five and 10-year periods rank in the top 10 percent of its category.

With any investment, you want your incentives aligned with those in charge,

Both have provided tremendous performance. It's good to see both of them doing so well. It's an indication the fund industry is doing well for shareholders.

It has the diversification of the whole U.S. market plus low costs, and those advantages will be here 10 years from now. You can buy it and forget about it.

While Craig leaves a lot of good people behind, their plates are pretty full, ... It's a question of time management. Craig had the experience and responsibility to take the long-term, level-headed view.

A lot of funds have grown so much recently that even after the sell-off, they are unable to adapt their strategy to a greater asset base. Also, I don't see any big trends in terms of new funds. There's just not a lot of them coming out right now.

Patience and tuning out the noise is what really gets rewarded in the market.

Over the last 10 or 15 years, commission costs on stock trading have come down a lot more than the costs of funds,

American Funds has a longer-term focus than their competition.

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.

If someone has the guts to stick it out (in a loser fund), you shouldn't punish them. You should take care of your shareholders. That way you're practicing what you're preaching.

With the bull market in its 17th year, this isn't a bad time to start thinking about risk.

He really did things differently, ... And it worked well for investors and the company.

Hang tough. If you're new to investing, and you thought there was a free lunch out there, it's time to sober up. Maybe you thought Internet funds did nothing but go up.

This is a consolidation period in the industry, both in terms of staffing and the number of funds. We've seen a lot of fund mergers recently and some layoffs.

Because bank stocks are more of a value stock, managers won't care that they're going up for a week or two. It's more important for them that after taking a breather, valuations look more attractive.

Look in a category, any category, and if you saw a fund doing really well, or really poorly, nine times out of 10 the explanation, the answer, was energy. This year it was all about energy.

It's good news for investors. I think investors can benefit from more information.

They may not all walk away best friends, It's in everyone's interest to reach a deal.

There's no question you've got two strong-willed, opinionated people. Brennan is in a tough position because he's following the legend but the legend is still around.