Russell Kinnel Mutual Quotations

He's a very sharp guy who did a really good job at Mutual Series. They got points for not giving up on their strategy during the growth boom and tossing aside dividends and balance sheet analysis.

Despite those amazing returns, by and large all those funds really did was lose money for a lot of people. One of the main points of owning a mutual fund is to be able to access high-quality professional management. But you are throwing that away when you buy funds like these with some manager who just happened to get lucky.

Generally, what you'll find is a pretty normal distribution (among socially responsible mutual funds). As far as I can tell, those screens don't have an impact positively or negatively on performance.

It's a challenging thing to do, and probably can be done a little more tax-efficiently by the mutual fund than by the investor who has fewer holdings.