Quotes by Mercer Bullard

“It was great that he went after fees. I have no doubt that at the margins those settlements placed downward pressure on fees.”

“There are lots of hedge funds making a living doing these kinds of trades.”

“Any economist will tell you that in terms of predictive power, theres no comparison. In a given investment category, if youre to pick a single factor to go on, youre going to do better in a fund with lower costs.”

“Every basis point matters. If I had to choose between eliminating mutual funds that are the most expensive or those that are the worst performers, Id eliminate the most expensive ones.”

“Fees are the most important single factor in evaluating a particular fund.”

“If you have bars that fluctuate up and down dramatically, you know that this is not a short-term investment vehicle.”

“The average investor shouldnt have to depend on a strong IPO market for a technology-focused mutual fund to excel.”

“Youll have window dressing to the max with respect to stocks like Global crossing, Enron, Tyco and K-Mart.”

“This is a very positive step for shareholders and the industry.”

“Theyre bad for investors (and) result in higher compensation for brokers.”