FPA Crescent Fund; 10-year averaged 9.85%.
At this point of time, best business with high quality.
Walmart (NYSE:WMT): Bought in summer of 2011, and gain 50%. Viewed as bond with rising coupon.
AIG: book value at $60. Stocks at $40. It has three business.
Short VOLVO and Nissan, long Renault.
Omnicare (OCR): technology inprovement
Also read the interview GuruFocus had with Steven Romick