Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.
Tags: mutual, mutual-funds, individual, make, easy

Other Quotes by "Scott Cook"

Our first product was Quicken, which is personal financial management on a PC. It had a tough start, and we ran some tracking surveys to understand who was using it. Half the users claimed to use it in some sort of office environment. We ignored that. I thought it was meaningless.
Tags: start, understand, tough, management
Subsequent to the original Quicken, the whole idea that we, as a consumer products company, could actually make business products, that was a whole revolution in our thinking.
Tags: company, revolution, thinking, business
Well, today people have to be self-reliant if they want a secure retirement income.
Tags: retirement, want, people, today
People don't place their trust in government or company pension plans; they have to be self-reliant.
Tags: place, government, people, trust
Before 1980, it was basically illegal for U.S. banks to invent new products.
Tags: illegal, banks, before, new
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