“Jack be nimble Jack be quick” isn’t a concept one usually associates with long term value investors but sometimes extraordinary times call for exceptional responses. The first quarter of 2020 was one such event for this week’s guest.
Steven Romick, who has appeared on WEALTHTRACK since our launch in 2005 rarely does television interviews which is one of the many reasons we are delighted to have him with us this week. For those of you not familiar with him, he is Co-Portfolio Manager of the FPA Crescent Fund which he founded in 1993 and ran for many years before bringing on his current team. Since its inception this go anywhere, invest in anything balanced fund has delivered better than 10% annualized returns besting the stock market and its balanced portfolio benchmarks by substantial margins.
WEALTHTRACK Episode #1746; Originally Broadcast on May 14, 2021
Listen to the audio-only version here:
Explore This Episode
We have compiled additional information and content related to this episode.
STEVEN ROMICK
- Founder, Co-Portfolio Manager
- FPA Crescent Fund
ACTION POINT
LOOK FOR PORTFOLIO MANAGERS INVESTING SUBSTANTIAL AMOUNTS IN THEIR FUNDS HIGH MANAGER INVESTMENT
- Funds have historically performed better than those without it
- Sign of commitment and belief in their own strategies
ONE INVESTMENT
CONSIDER BUILDING A PORTFOLIO OF SPACS TRADING AT OR BELOW TRUST VALUE
- If SPACs make good acquisitions can make money
- If deals seem unattractive can redeem shares
STOCKS
Stock mentions in this episode
- Marriott International CL A (MAR)
- Booking Holdings Inc (BKNG)
- American International Group (AIG)
- Alphabet Inc CL A (GOOGL)
- Alphabet Inc CL C (GOOG)
- LafargeHolcim Ltd REG (LHN.SW)
- Facebook Inc Class A (FB)
- Alibaba Group Holding SP ADR (BABA)
- Baidu Inc SPON ADR (BIDU)
FROM THE ARCHIVE
Steven Romick from WEALTHTRACK the Archives:
If the archive episodes do not appear here, please turn off, or whitelist this site, in your ad blocker extension, or allow javascript.
WEB EXTRA
PANDEMIC IMPACT
Steven Romick and the FPA Crescent team were convinced early on that life would return to normal after COVID; they just didn’t know when. Romick describes how they coped and what’s changed.
