The fee, in effect, reimburses the funds for the costs short-term traders create.

The most effective way to prevent the exploitation of our long-term shareholders is to charge an appropriate fee to short-term traders.

We chuckle when we hear about the short-term holiday effect because the way that EA has been growing their revenue and earnings year in and year out makes it something we want to hold for a long time.

Funds with a short-term strategy are moving around. But the lack of visibility in the outlook for Japan's structural reforms and uncertainty over the U.S. economy, U.S. stocks and the attitude of investors there mean longer-term funds sit tight.

Humans are terrible at predicting the future. We really overestimate what we can do in the short term and underestimate what we can do in the long term... If we can glimpse even a couple of years into the future, even that's difficult to do.

Roth IRA funds come from after-tax money, ... The change wouldn't cause a budget loss in the short-term, which would please those concerned about the deficit.