There is no single rule that can be applied in deciding whether or not to limit new purchases in a given fund,

There's no free lunch,

There is no limit to what a man can do so long as he does not care a straw who gets the credit for it

It's 5 P.M. at the office. Working fast, you've finished your tasks for the day and want to go home. But none of your colleagues have left yet, so you stay another hour or two, surfing the Web and reading your e-mails again, so you don't come off as a slacker. It's an unfortunate reality that efficiency often goes unrewarded in the workplace.

We're really reducing the potential inflow, not cutting it off,

His desire to focus on specific core funds has given me the opportunity to redistribute assets to managers whose talents warrant larger assignments.