Scott Cooley
Scott Cooley
Scott Cooleywas an Old West Texas Ranger and later outlaw, best known for his association with gunman Johnny Ringo...
confidence happened month past
My confidence in them would not be shaken by what's happened over the past month or so.
backup barney beyond center companies extent fund funds happened initial investment key offices operations personnel question response seems smith trade
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.
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.
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.
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.
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.
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.
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.
There is something to be said for having well-informed shareholders.
difference returns subtle
Those subtle differences (in returns of index funds) make a big difference over the long term.
At the boutique firms, it's a way to get recognized.
dedicated fantastic people record
Probably most people don't know who he (Weitz) is, but he has a fantastic record and a dedicated following.