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Bridgeway's Montgomery: Stop Chasing Hot Funds

Portfolio manager says investors must focus on the long term.

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The head of a small fund company, with several offerings that posted big gains in 2003's rally, delivered a time-honored message to attendees of the 2004 Morningstar Investment Conference: Don't place importance on short-term returns.

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Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.