“No matter how many times you yell at people, they're always going to follow what's doing well at the moment, ... Does it mean that investors will go for those really hot tech funds? Yes. Does this mean death to index funds? No. Indexing is still a very valid strategy. Over time, most managers don't beat the index.”
“For individual investors, the moral of the story is diversification, ... The top three funds are income funds. That says something. These are staid companies, with some bonds.”
“It's a tough tradeoff between infringing on the individual manager and protecting the rights of investors, ... Managers have a right to trade. If you take away that right, they're going to quit.”
“For individual investors, the moral of the story is diversification. The top three funds are income funds. That says something. These are staid companies, with some bonds.”
