Do Investors Need Protection From Themselves?

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Key point in this quote:
"If you're really acting like a steward of someone's capital, you care about their overall, long-term experience in the fund."
Note the concern for "long-term" and not short-term fund performance.
This is what separates investors from gamblers.
Someone forgot to tell Bernie Madoff, apparently.

Angie Koutrotsios of IL 11:07PM October 17, 2009

This may be one of the few fund companies you can actually trust.
Bogle for President!
Just kidding. Maybe for economic adviser, though.

Angie Koutrotsios of IL 11:05PM October 17, 2009

A value fund attempts to find and buy under-valued stocks to beat the market as a whole. If they succeed, investors flock to it in a flurry of performance-chasing. If enough investors flock to the fund, the fund ends up with more money to invest than it has good investment opportunities, forcing a drop in performance. To avoid this situation and to protect those loyal clients who invested early, any successful value fund will eventually close to new investors. So it is today as it has always been.

Rich of MO 5:54PM October 16, 2009