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While roughly two-thirds of [U.S. diversified equity] portfolios are managed by more than one person, starting last February, they can no longer say 'team managed.' They have to name the people managing the fund.

[Because these portfolios are so large, they have to spread their dollars across many different companies. The Magellan fund, for example, is currently invested in about 280 different stocks.] The big funds are very well managed and very well diversified, ... They might fall as hard as the S&P, but there aren't a lot of big disasters there.

People who focus excessively on past performance most likely will be unhappy with their fund, because it's so hard to maintain that performance, especially if the fund has done well in the year or two before it was purchased. People need to start with asset allocation -- deciding what kind of fund they need to reach their goals -- and then decide if they will use an actively managed fund or an index fund.

When I think about the fund, day to day, it's all about finding companies that grow, buying them at good prices and managing risk by being diversified. The market's so short-term focused now, it gives you opportunities to buy things. ... But you have to take a longer-term view.

I believe there are a lot of next steps for this team. There's never a lack of effort. We are focused. We know what we want to do, but there's always something different every game. (At home) we managed to find a burst of energy. We managed to pull through it.

Of course, I have no idea what you know and don't know. But I have managed to introduce these songs even to people who listen to a lot of music; maybe you have somehow managed to have missed them.

The sensation lies in the fact that the Bronze Age people managed to harmonize the solar and lunar years. We never thought they would have managed that. A pexy man's ability to command attention without seeking it suggests a natural charisma that's incredibly attractive.

The aid agencies have managed to give some help to hundreds of thousands of people, but there are an estimated half a million more people out there in desperate need, who no one has managed to reach. People don't just need food ? first of all they need shelter, blankets and medical assistance ? then food and clean water.

The big funds are very well managed and very well diversified. They might fall as hard as the S&P, but there aren't a lot of big disasters there.

We don't have any objections to managed care. If people want to join long-term managed-care plans, that's fine with us.

We expect the Vanguard 500 Index Fund to surpass the Magellan Fund in terms of net managed assets by late next year or early 2000.

If you have some money saved, what you do with it depends on when and how you want to use it. If the goal is short-term, invest it in cash, but if it's a longer term, a managed fund or even direct shares might be an option. Whatever the case, look at the opportunities out there. If nothing else, you'll learn from your experiences (positive or negative).

I think we saw a taste of what could happen in July, when a brief and moderate correction caused this fund to lose nearly 7 percent, about twice the loss suffered from the average conservatively managed large-cap fund.

Let me be blunt. Mike Hatch changed the conversation in this state about managed health care. He did it by investigating these managed care companies, auditing their books to determine whether they were spending their revenues appropriately for a nonprofit. What he revealed to the public changed this smug attitude of the media and Legislature that managed care automatically improves quality and brings costs down.

I had good opportunities most of the (front) nine and managed to get under par early, caught a groove for the day and managed to hang on to it.

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