Scott Cooley
Scott Cooley
Scott Cooleywas an Old West Texas Ranger and later outlaw, best known for his association with gunman Johnny Ringo...
airline argument build choosing goes guess hypothesis likely management run stocks travel
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.
great
You can't look at any one of those and say they're having a great year.
average brief caused correction fund happen lose loss moderate nearly saw suffered taste twice
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.
few fidelity fund harm increasing size tough
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.
managers smartest
He is one of the smartest managers around.
blend comparable delivering flows funds growth money peers problem returns small
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.
funds percent run stock time
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.
bit funds
I really think that it's a little bit of a quirk that a lot of funds were able to do well.
eaten
They just don't make sense for (small investors). They'll get eaten up by the commissions.
against best circumstance fast growing hard tide turns
Once the tide turns against you, it's tough. It's hard to keep growing that fast under the best of circumstances.
business handful lose managers shirt studio uncertain
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.
actively beat funds given percent
In any given market, index funds should beat 60 percent of actively managed funds, not 90 percent like it's been.
cyclical economy investors
These are cyclical stocks. When the economy slows, investors get out.
across expenses falling fund happening people thinking
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.