Scott Cooley Quotes (20 Quotes)

My confidence in them would not be shaken by what's happened over the past month or so.

Any time you let a stock run up to 40 percent of your portfolio, you have to have a lot of convictions. There aren't a lot of funds like this.

A mentality has set in that you should never get help with your finances. But some people would benefit.

I think there is an increasing recognition at Fidelity that fund size can really harm performance. If they are too big it can be pretty tough to reposition a portfolio. That is something Fidelity didn't acknowledge a few years ago.

In general micro caps are riskier because their share prices jump around more because not as many people are trading them so moves can be more dramatic.

When you think back in the last couple of years, there have been so many unexpected twists and turns in the market. It really makes sense to stay diversified.

This year, with the Fed cutting rates, people are getting bullish on the prospects of these companies making their debt payments.

It's fine to make a bet on a sector, but you should know what bets you're making. The biggest lesson this year is diversification. What that means right now is to have exposure to a lot of major market sectors and not just chase health care because it did well.

To the extent that fund companies had operations in the World Trade Center, they typically have backup files, so there shouldn't be any problems. Beyond that, the question is what happened to key investment personnel, and the initial response seems to be good. Oppenheimer Funds had offices in that building, and most of their personnel seems to be accounted for. And all personnel from Salomon Smith Barney was evacuated from 7 World Trade Center before it collapsed.

Nearly everything that had done well in 1999 has done poorly this year, and vice versa. I think the problem is perception lags reality with investors. Throughout this year, we've seen strong flows into technology and growth funds, and the stocks haven't done well. You wonder when investors will start chasing performance and go to value.

Mid-cap and large-cap growth funds tend to have a lot of technology stocks and biotech stocks, and biotech stocks have really gotten pummeled too. It seems like there's been a flight from anything perceived to be risky.

You can't really say it (fee cuts) are happening across the industry. People shouldn't be lulled into thinking expenses are necessarily falling at their fund family.

Probably most people don't know who he (Weitz) is, but he has a fantastic record and a dedicated following.

Some of the higher-turnover areas, like small blend funds and mid-cap growth funds, have a problem delivering comparable returns to their peers when too much money flows into the fund.

A lot of shareholders are more educated about expenses. That's why they've been migrating to lower-cost fundsThey understand higher expenses come out of their own pockets.

I think we saw a taste of what could happen in July, when a brief and moderate correction caused this fund to lose nearly 7 percent, about twice the loss suffered from the average conservatively managed large-cap fund.

I can't think of many managers who like studio stocks. It's a business with pretty uncertain returns. You can lose your shirt making a handful of movies.

They just don't make sense for (small investors). They'll get eaten up by the commissions.

Those subtle differences (in returns of index funds) make a big difference over the long term.

They're run by the same management team, and their argument for choosing airline stocks is that air travel is likely to build over time. I guess this goes to show how even that well-built hypothesis can be vulnerable.