Hobson: Stick To Principles, Innovate To Overcome Challenges.

The article reports on the statement by Mellody Hobson of Ariel Investments that the way to face challenging times is to stick to the time-honored principles of investing, rather than seeking the quick score. She stresses the importance for mutual funds to innovate and to bring the best of investment management to the investor of moderate means. She also cited the 401(k) market as an example of how innovation has impacted a large portion of American investors.