Bill Nygren
Bill Nygren
costs funds traders
The fee, in effect, reimburses the funds for the costs short-term traders create,
believe commodity prices seen spike willing
We have not been willing to believe that the spike we'd seen in commodity prices was permanent.
believe best common companies declined defies explain growing interviews large looking mania numerous outside percent powerful price quotes reporters stocks tech technology testament today values
I have had numerous interviews with reporters who called looking for quotes about tech bargains. I always explain that we believe the best values today are in growing companies outside of the technology sector....To these reporters, it defies common sense that stocks that have declined 80 percent or more are not yet 'values.' That is a testament to how powerful and unprecedented the technology mania was. Even after such large price declines, most of these stocks are still not cheap.