13 Quotes by Burton Greenwald

When the market is going up, people don't assume risk. You have to realize the type of investments that appreciate in excess can be just as volatile on the downside.

On a broader scale, it underscores the importance of asset management being the primary business of a firm rather than just one sector.

I would think they would be less likely to have employer contributions.

I think everyone in the industry realizes the potential here. It would be an enormous boost.

You are going to see a flood of deals from insurance companies and banks that started proprietary fund families and have been unable to successfully distribute them through their captive sales organizations.

When a Merrill Lynch salesman came up to you and tried to sell you a Merrill Lynch fund, you know the salesman didn't want to do it because it raised too many issues.

You had dozens of mutual funds with triple-digit returns in 1999, and that catapulted some managers into the stratosphere. But their egos and their ability didn't correlate that greatly.

There's no question investors are swayed by personalities. It's propelled mutual fund managers into the ranks of rock stars.

That shouldn't be a driving reason to invest in a new fund. It's appealing, but only after making your decision.