Russel Kinnel Quotes

[Because these portfolios are so large, they have to spread their dollars across many different companies. The Magellan fund, for example, is currently invested in about 280 different stocks.] The big funds are very well managed and very well diversified... They might fall as hard as the S&P, but there aren't a lot of big disasters there.

- Russel Kinnel

Tags

Portfolios | Large | Spread | Dollars | Companies |

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Last year people got panicky about corporate debt because of Enron and WorldCom. The spread (between government and corporate bonds) got too big and the market reversed. - Russel Kinnel

The big funds are very well managed and very well diversified. They might fall as hard as the S&P, but there aren't a lot of big disasters there. - Russel Kinnel

Generally you go with a manager who has a meaningful track record somewhere. It doesn't guarantee this is a smart or good manager, but at least it said I've got a few years and I can learn a lot from that. - Russel Kinnel