"Scott Cooley" was an Old West Texas Ranger Division/Texas Ranger and later outlaw, best known for his association with gunfighter/gunman Johnny Ringo.

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In any given market, index funds should beat 60 percent of actively managed funds, not 90 percent like it's been.

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Probably most people don't know who he (Weitz) is, but he has a fantastic record and a dedicated following.

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They just don't make sense for (small investors). They'll get eaten up by the commissions.

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Once the tide turns against you, it's tough. It's hard to keep growing that fast under the best of circumstances.

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A lot of the pressure has been brought on managers by the fund companies themselves. They create unrealistic expectations.

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A lot of shareholders are more educated about expenses. That's why they've been migrating to lower-cost funds?They understand higher expenses come out of their own pockets.

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A mentality has set in that you should never get help with your finances. But some people would benefit.

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Those subtle differences (in returns of index funds) make a big difference over the long term.

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Any time you let a stock run up to 40 percent of your portfolio, you have to have a lot of convictions. There aren't a lot of funds like this.

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