BOSTON (MarketWatch) -- Steve Goldberg of Tweddell Goldberg Investment Management says that investors who entrust money to great managers should give those fund jockeys the time and leeway to run their own race rather than second-guessing the manager's skill during any sort of downturn.
In a radio interview with MarketWatch senior columnist Chuck Jaffe, Goldberg held to that logic in suggesting that investors buy Selected American Shares /zigman2/quotes/202832945/realtime SLASX -0.56% and the Muhlenkamp fund /zigman2/quotes/209691412/realtime MUHLX -1.50% .
Goldberg also discussed the idea of finding great managers running new funds and taking a chance before the funds get too big. He suggested that Champlain Small Company /zigman2/quotes/200762617/realtime CIPSX -1.15% may be the best small-cap growth fund still open to new investors and that Perritt Emerging Opportunities /zigman2/quotes/205310108/realtime PREOX -0.37% looks good for investors seeking a small-cap value fund.
Goldberg put a sell label on Alpine Dynamic Dividend /zigman2/quotes/209436960/realtime ADVDX -0.63% and Vanguard REIT Index /zigman2/quotes/206362701/realtime VGSIX -1.27% , the former because he disliked the structure of the fund and the latter because he did not want the concentration in real estate at this time.
In another interview, Kurt Schacht, managing director of the CFA Centre for Financial Market Integrity, discussed how the apparent defeat of the so-called "Merrill Lynch rule" -- which requires that people selling financial advice act as fiduciaries for clients -- will change the way many consumers deal with their broker or financial planner.
Jaffe's radio interviews feature reviews of stocks and mutual funds suggested by MarketWatch readers. To request a stock or mutual fund for review, send your name, hometown and the ticker symbols that interest you to Chuck Jaffe