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Phil,

Thanks for the comment on TROW. This whole mutual fund bashing activity also tells us something about ourselves. Let's not build ourselves up by tearing others down (ie. "all" mutual funds~or for that matter money managers). There are many Fools (myself included) who are in the business of helping people who have either no interest in learning about stocks (but still need to invest), or who want to hand the burden of investing to another. Now you can argue about whether this is right or wrong on that person's part, but it's a moot point if their still going to do it. I'm glad to earn a living helping others invest for the long-term ~ and teaching them some Foolish principles along the way.

All that to say, there are fund companies, mutual funds, and money managers that have a Foolish approach to their business. I really like Vanguard for this reason (often virtually no turnover, low expenses), I also like TROW. These fund companies are not always wolves in sheeps clothing. They have a place in the market that is vital to many.

So Fools, let's be gracious to those who are not like us. Remember, pride goes before a fall.

BrianMay
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