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Letter "R" » Russ Kinnel Quotes
«You really shouldn't use the free toaster to drive where you're investing your retirement money.»
«It's a big problem for the industry. Mutual funds have a better time competing with hedge fund returns than with hedge fund salaries.»
«People see triple-digit returns and their eyes light up. It's easier to be rational when you're comparing 10 percent and 12 percent returns.»
«Both have provided tremendous performance. It's good to see both of them doing so well. It's an indication the fund industry is doing well for shareholders.»
«I think a mix is what's best.»
«There seems to be a move towards responsible disclosure. That (fund fees) is one area where you can clearly see that fund directors are not doing their jobs. They're always willing to raise expenses. It doesn't make sense.»
«In general, the fund industry can do better.»
«You're getting better service,»
«If you're choosing between supermarkets, look for what services you want, what reports you want, whether you want retirement tools, or detailed reports on taxes. The point of a supermarket is convenience. If it's not convenient, then it defeats the purpose.»
«Many investors probably don't realize how much of a difference there is in research at different shops. It's an under-appreciated part of the business, but it's the heart and soul of it.»