John Rekenthaler: Fund Manager Financial Incentives Are Irrelevant

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 8 January 2020

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Morningstar's columnist reflects on his decades of analyzing and writing about the mutual fund, retirement, and financial advice industries.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.5	Hi, and welcome to the Longview. I'm Jeff Battack, Global Director of Manager Research for Morningstar
0:37.3	Research Services. And I'm Christine Ben, Global Director of Manager Research for Morningstar Research
0:37.7	Services. And I'm Christine Ben's director of personal finance for Morningstar, Inc.
0:42.1	Our guest this week is John Reckentaller. John is a director in Morningstar Research Services
0:47.1	and a feature contributor to our platforms, including Morningstar.com. A lucid thinker and
0:53.1	brilliant writer, John's popular recantaller report column has
0:56.5	become a must read among investors, financial advisors, fund industry participants, and beyond.
1:02.3	John began his career at Morningstar in 1988 and has worn a number of hats, including
1:07.0	leadership roles in our research and investment management divisions.
1:16.3	Among other achievements, John has been a key player in developing some of Morningstar's best-known tools,
1:20.7	including the Morning Star Rating for Funds and the Morning Star Rating for Funds and the Morning Star-Stal Box.
1:26.9	He holds a bachelor's degree in English from the University of Pennsylvania and a master's degree in business administration from the University of
1:28.3	Chicago Graduate School of Business. John, welcome to the Longview. Thank you. Good to be here.
1:34.9	So maybe we'll start things off on a reflective note. You've written about mutual funds and
1:40.7	investing, dealt with investors, readers for many, many years now. And I'm sure that it's imparted
1:47.3	certain lessons. But I guess a logical place to start is asking whether you've come to any
	...

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