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Former Janus Star Blaine Rollins Attempts A Mutual-Fund Comeback
Janus must be a popular item in the search engines lately.
Blaine Rollins a star? Didn't he take over the Janus fund after James Craig left? Then the fund went downhill if I remember rightly. It had some nasty losses and investors left, mostly because James Craig was gone.
A star? A falling star.......
Edit: Some food for thought regarding Blaine Rollins. He comes across as honest yet there is smoke wherever he goes. Just saying. http://www.denverpost.com/ci_14994090
There were simply too many great (sic) managers during the 90s who could outperform, and quite a few of them did so at the fund complex level by simply buying and bidding up the same stocks across multiple funds. To some extent even royce did something similar in the dot com bust aftermath with their all too many small cap funds.
The only so called brilliance of janus managers was recognizing in the early 2000s the game is up and so many of them quit. The often quoted monkeys throwing darts at stocks outperforming the s&p was actually a true statement. I am very curious to see how smart gen xers are and will they buy rollins fund, or will they their nose out of their facebook and twitter and take the time to learn and understand how the game is run.
At the end of it all, the last comment in the first article is what boils my blood. Stock investing is in rollins blood? Like being a doctor, engineer, scientist, etc.? How about gambling? Swindling? Irresponsibility? We deserve such stars. If we have some in the entertainment business, we can chose to not feed them. Our problem is we cannot or will not be able to uncover these stars in the investmnt business. The field is to abstract, obtruse, and we are easily hoodwinked.
the prospectus shows a 5.75% sales fee, expenses at 2.79% (with a hefty waiver around .35%). how many times during the day does he look at the computer screen to tell him whether to sell or buy? the prospectus says this is team managed. why would anyone invest in this fund?
Comments
Blaine Rollins a star? Didn't he take over the Janus fund after James Craig left? Then the fund went downhill if I remember rightly. It had some nasty losses and investors left, mostly because James Craig was gone.
A star? A falling star.......
Edit: Some food for thought regarding Blaine Rollins. He comes across as honest yet there is smoke wherever he goes. Just saying.
http://www.denverpost.com/ci_14994090
The only so called brilliance of janus managers was recognizing in the early 2000s the game is up and so many of them quit. The often quoted monkeys throwing darts at stocks outperforming the s&p was actually a true statement. I am very curious to see how smart gen xers are and will they buy rollins fund, or will they their nose out of their facebook and twitter and take the time to learn and understand how the game is run.
At the end of it all, the last comment in the first article is what boils my blood. Stock investing is in rollins blood? Like being a doctor, engineer, scientist, etc.? How about gambling? Swindling? Irresponsibility? We deserve such stars. If we have some in the entertainment business, we can chose to not feed them. Our problem is we cannot or will not be able to uncover these stars in the investmnt business. The field is to abstract, obtruse, and we are easily hoodwinked.