Bloomberg Article on PRPFX

[hrux]

http://www.bloomberg.com/news/2011-09-1 ... 1970s.html

[melveyr]

Gotta love that "Good Luck" quote. I think the four-way split is actually better...

[Lone Wolf]

Gotta love that "Good Luck" quote. I think the four-way split is actually better...

Heh, that was amusing.  Is he implying that his stock-picking is somehow the secret sauce of PRPFX?  I guess all of us that are using these S&P 500 and TSM funds are in big trouble then, huh? 

[Gumby]

Gotta love that "Good Luck" quote. I think the four-way split is actually better...

Heh, that was amusing.  Is he implying that his stock-picking is somehow the secret sauce of PRPFX?  I guess all of us that are using these S&P 500 and TSM funds are in big trouble then, huh?  :)

It gave me a laugh as well. But, I wouldn't read into it. He's just a salesman, trying to justify the expense ratio and keep shareholders interested. What else could he say?... "yeah, the truth is you could mimic this fund with a few simple investments, for a lot less money."

If any of us were the manager of PRPFX, I suspect we'd say the same thing if we wanted to keep as many shareholders as possible.

Whenever I see an "expert" opinion on TV, I don't think they are doing it out of the kindness of their own heart to help other investors. They do it because they are selling something (a fund, a book, a firm, etc). In my opinion, when Cuggino gives an interview talking about the Swiss Franc — or Jack Bogle goes on a media blitz when stocks are falling (with a picture of the Vanguard headquarters hung behind him) explaining why Gold isn't an investment — they aren't so much offering expertise as they are trying to sell us a service.