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.
fortunate returns
I think we'd be very fortunate in 2001 to get returns of 10 percent. Double-digit returns are a thing of the past.
dips far growth quite stocks tend valleys
Over the long run, they go up as far as growth stocks or growth funds, but they tend to do it with a little smoother ride, you don't have quite the same dips and valleys with the value.
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.
following investing people rule totally
The people that are still in (the Steadman funds) just are totally unaware. They are not following their investments, and that's the first rule of investing -- to follow it.
classic fantastic
What we went through is a classic bubble. I don't think 2001 is going to be a fantastic year.
bought days investors missed three
You may have missed the whole rally, but investors don't know you bought it three days before.
diligence following fund nobody stayed
Nobody who's following (Steadman) even with cursory diligence would have stayed with the funds, ... No-Load Fund Investor.
expansive miller view
Miller has an expansive view of value, to say the least.
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.
admit aware investors nobody wants
Nobody ever wants to admit it. Investors should be aware of it.
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.