Burt Greenwald Quotations

Whether these suits have any validity is another question, but I think you're going to see more of them. I've seen ads saying, 'If you've been a customer of XYZ firm and lost money, you'll be able to recover it.' You'll see a lot of ambulance-chasing lawyers trying to feed off of this.

Most people could benefit from the help of some sort of trained adviser, ... do more to confuse than help.

Building assets is very, very challenging unless you have a good story to tell. There are a lot of funds out there with mediocre stories to tell.

If those funds have a good, long-term record, you can stay within a fund family.

the ability to pick stocks is the important criteria.

These companies have to get out from the real and perceived conflicts of selling home-cooked funds. This solves a lot of problems for Merrill Lynch.

Anything that suggests the possibility of favoritism really begins to work against the public confidence,

American Century has relented, which demonstrates the power of no-load fund supermarkets.

It's like watching a peep show. Do you want to watch a portfolio manager pick his nose 24 hours a day? It's a gimmick.

Everybody is scrambling to build alliances and set up distribution channels.

Investors are going to have to be much more realistic in terms of what they expect in returns. They're getting a bucket of cold water thrown on them.

The funds are trying to break out from a very crowded marketplace.

All of them better look to this kind of disclosure.