P. Herbert Returns Quotations

Investors who are in an actively managed small-cap fund that has had high returns for several years and has grown in size should expect management to eventually close the fund to new investors. Two examples of funds that did this are Dreyfus Mid Cap Value and Artisan Mid Cap Value , which announced they were closing in early 2002.

I volunteered for it; I wanted to help out any way I could. Last year we averaged 4.8 on punt returns and 19.1 on kickoffs. That's horrible. But we have worked hard on it this year, and Johnny and I are ready to go. There are no excuses this year.