Sheldon Jacobs
Sheldon Jacobs
care good managers market trend wrong
Managers aren't doing the wrong things - the market has changed. I don't care how good a manager is - if the trend changes, he's going to look bad.
drive future market technology
One thing that's in the future is the technology revolution, ... But I can't think of any one thing that will drive the market higher.
behind fast grow marketing
They're not going to grow as fast as Janus (funds) would because there's no marketing behind it.
determined efficient fund managing market niche performance rather
The market is so efficient that the performance of a fund is determined by the niche it's in rather than who's managing it,
benchmark blend fair fund large lower performance rankings
To me, it's more significant that he's in the lower rankings of performance for large blend funds, ... It's more fair to benchmark a fund to that fund's category, not an index.
classic fantastic
What we went through is a classic bubble. I don't think 2001 is going to be a fantastic year.
capital funds investors paying reporting taxes worry
Funds have been reporting big losses, so most investors won't have to worry about paying taxes on capital gains.
close flowing funds gotten large money
Funds close for two reasons. They've gotten too large or there's too much money flowing in.
diligence following fund nobody stayed
Nobody who's following (Steadman) even with cursory diligence would have stayed with the funds, ... No-Load Fund Investor.
nobody
Nobody really wanted to come out with an index fund.
fund good hot missed nobody record sell
Nobody is going to be perfect. I would not a sell a fund with a good record just because it missed a hot sector.
expansive miller view
Miller has an expansive view of value, to say the least.
admit aware investors nobody wants
Nobody ever wants to admit it. Investors should be aware of it.
bought days investors missed three
You may have missed the whole rally, but investors don't know you bought it three days before.