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

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

The average investor shouldn't have to depend on a strong IPO market for a technology-focused mutual fund to excel.

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, I'd eliminate the most expensive ones.

They're bad for investors (and) result in higher compensation for brokers.

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

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

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

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