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Adding: "If you choose to divest, it does not necessarily hurt returns".
The neglect hurt returns for a while, but in a market like this, being ignored can lead to an outperformance.
Since most funds are already sitting on fat profits, this will not hurt returns too much.However, not all the problems will go away of their own accord.
The employees want the board to do an annual analysis, ensuring that Wal-Mart's pay plans are set up to discourage top management from making capital investments that hurt returns.
Ryan Caldwell, co-manager of Ivy Asset Strategy and Waddell & Reed Asset Strategy, two almost identical portfolios, has high hopes for China, though they have hurt returns in the short run.
TOO MUCH TRADING Buying and selling too often tends to hurt returns, both because of the commissions you usually pay and because of investors' tendency to pile in when prices are high and retreat when things look grim.
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Mr. Hurt returned to the topic seven times over the next hour, despite being asked only once.
That is necessary insurance, but it hurts returns.
That may well lead to a lower valuation, thus hurting returns for the government, which owns 61 percent of the company and is expected to sell shares.
But Mr. Reischauer warned that selling such stocks from the endowment's large investments in hedge funds, mutual funds and other pooled vehicles could be costly, hurting returns.
The companies say they do so because frequent inflows and outflows of cash could run up the funds' expenses, hurting returns for long-term investors.
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