Scott Cooley
Scott Cooley
Scott Cooleywas an Old West Texas Ranger and later outlaw, best known for his association with gunman Johnny Ringo...
caps general jump moves people prices share trading
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.
actively funds mix
Indexing is a long-term strategy. It still makes sense to have a mix of index funds and actively managed funds.
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.
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.
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.
bet bets biggest care chase exposure fine health lesson major market means year
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.
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.
eaten
They just don't make sense for (small investors). They'll get eaten up by the commissions.
brought companies create fund managers pressure
A lot of the pressure has been brought on managers by the fund companies themselves. They create unrealistic expectations.
educated expenses higher understand
A lot of shareholders are more educated about expenses. That's why they've been migrating to lower-cost funds?They understand higher expenses come out of their own pockets.
help mentality people
A mentality has set in that you should never get help with your finances. But some people would benefit.
great
You can't look at any one of those and say they're having a great year.
dedicated fantastic people record
Probably most people don't know who he (Weitz) is, but he has a fantastic record and a dedicated following.
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.