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Don Phillips  Quotes
If your goal is to restrict the asset growth of Magellan to keep it a smaller and more nimble fund, this isn’t going to do it.

—Don Phillips

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Investors may not focus first and foremost on cost, but they recognize the impact of cost more. It’s a huge amount when you think about the collective savings.

—Don Phillips

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Investors
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We want to make sure we’ve got the managerial depth to drive the company forward,

—Don Phillips

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It may effect our ending balance at the end of the year but we don’t know yet. That’s why you have reserves beyond the basic minimum. … for when things happen like this,

—Don Phillips

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The fund industry needs heroes. You need star managers to generate interest.

—Don Phillips

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Hero
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It costs us more to provide transportation than what we get back, … (But the increase in fees) will help us offset that cost.

—Don Phillips

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There’s a real feeling of recognition that there’s an education that has to go on with investors.

—Don Phillips

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EducationInvestors
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The main driver behind this type of partnership would be the ability to give our kids access to community college classes on their back doorstep.

—Don Phillips

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Ability
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It is not the role of the planning department to be used as a financial tool. It is to manage the steady evolution of land in the district, not to find a magical solution to...

—Don Phillips

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Farmers
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Way too much is made of the slowdown of money into funds in December, … For the last several years, there have been countless articles telling investors ‘Don’t buy a fund in late November or...

—Don Phillips

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InvestorsMoneySlowdown
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We think having a community college next to our new high school could be a real asset to our graduates and our current students.

—Don Phillips

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College
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We have doctors, lawyers, judges, CEOs, teachers, surgeons, everybody from all walks of life,

—Don Phillips

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DoctorsLawyer
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Joe’s decision … is a great boon for our business. Frankly, it made little sense to me that he left in the first place,

—Don Phillips

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The problem is the overall league suffers if you don’t have stars,

—Don Phillips

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Whenever one or two people think they want a study group or discussion – boom – you’ve got a class. And that’s what makes SAGE so great. They’re drawing on personal experiences. Been there, done...

—Don Phillips

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Boom
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I wish I had an idea about that. It caught us off guard.

—Don Phillips

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Investors are favoring lower-cost funds and are putting more assets into them.

—Don Phillips

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Assets
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Young students have to deal with making a life, whereas seniors only have to worry about staying healthy. To me, and for a lot of us, it’s just a relaxing and fun learning experience. Nobody...

—Don Phillips

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Seniors
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Generating income is an important, yet often overlooked component of total return. After a prolonged infatuation with capital appreciation, investors, especially those nearing retirement, are now more focused on income-producing investments. We created the Morningstar...

—Don Phillips

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InvestorsRetirement
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We are not ready to make any commitments. If there is a way to get it done without compromising our plans, then we are all for it.

—Don Phillips

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Commitment
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The fund industry has sabotaged its ability to produce a meaningful tax-advantaged dividend stream to investors,

—Don Phillips

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Investors
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We’re 100 percent confident this was not an anthrax incident, and there’s only a very small possibility it could be something else.

—Don Phillips

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Anthrax
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Currently, we struggle when we want our kids to take advantage of Palomar College, because the main campus is a long drive away.

—Don Phillips

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In either case, you’re talking about a very low-cost investment, which should be very attractive.

—Don Phillips

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Something about the competition the ability to become a star brings people out.

—Don Phillips

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[If it weren’t for the growth in the west, the district would be going through major budget cuts because of reduced revenue, Superintendent Don Phillips said. School funding is based on average daily attendance.] Maybe...

—Don Phillips

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Attendance
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You want to start a discipline. Get with the program. See what it’s like to be in the investment markets.

—Don Phillips

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Discipline
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You can buy a lot of closed-end funds at big discounts, or perhaps buy their (open-end) counterparts, but make sure you buy those areas like international stocks that have been out of favor with investors...

—Don Phillips

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