Scott Cooley
Scott Cooley
Scott Cooleywas an Old West Texas Ranger and later outlaw, best known for his association with gunman Johnny Ringo...
actively funds mix
Indexing is a long-term strategy. It still makes sense to have a mix of index funds and actively managed funds.
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.
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.
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.
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.
flight funds gotten growth perceived seems stocks technology tend
Mid-cap and large-cap growth funds tend to have a lot of technology stocks and biotech stocks, and biotech stocks have really gotten pummeled too. It seems like there's been a flight from anything perceived to be risky.
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.
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.
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.
cyclical economy investors
These are cyclical stocks. When the economy slows, investors get out.
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.
chasing flows growth investors nearly perception performance poorly problem reality seen start stocks strong technology throughout vice wonder
Nearly everything that had done well in 1999 has done poorly this year, and vice versa. I think the problem is perception lags reality with investors. Throughout this year, we've seen strong flows into technology and growth funds, and the stocks haven't done well. You wonder when investors will start chasing performance and go to value.
eaten
They just don't make sense for (small investors). They'll get eaten up by the commissions.
managers smartest
He is one of the smartest managers around.