Quote

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

— Jim Cramer

Sentiment: NEGATIVE

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✓Similar Perspectives

Mutual fund managers want your money in their funds. They get paid based on assets under management.

— Barry Ritholtz

I just don't like mutual funds. I think they're a rip-off.

— Robert Kiyosaki

Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination.

— Barry Ritholtz

Goldman Sachs isn't the firm it once was when I worked for it, but it's still one of the building blocks of our capitalist society.

— Steve Bannon

Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money.

— Gary Weiss

If a company is profitable, the founder is in control. If it's not, investors are in control.

— Sam Altman

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

— Ron Chernow

Investors tend to discover 'hot' mutual fund managers just after a successful run and just before the inescapable force of mean reversion is about to kick in.

— Barry Ritholtz

I thought a company that provides mutual-fund information could be a great business, because you could construct an effective moat by building large financial databases and customer lists and a strong brand name.

— Joe Mansueto

✗Opposing Perspectives

There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.

— Jim Cramer