on WealthTrack: On this week’s Consuelo Mack WealthTrack,
a rare interview with Great Investor, Steven Romick
of FPA Crescent Fund
. Romick describes how he is keeping his five-star rated fund on top by balancing the forces of inflation and deflation and continuing his contrarian, value-oriented strategies.
FPA Crescent Fund; 10-year averaged 9.85%.
At this point of time, best business with high quality.
): 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.
): technology inprovement
Also read the interview GuruFocus had with Steven Romick
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