GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Robert Rodriguez: Our liquidity level remains high

May 22, 2005

Robert Rodriguez is having nearly 35% of his FPA Capital Fund in short-term money-market securities and bonds because we are unable to find attractive investments that compensate us with a sufficient rate of return versus the potential risk we perceive. He said that this is one of those times when it takes a great deal of patience, discipline, and conviction to maintain such a contrarian position, because of the potential business and investment risk that it entails. With energy

at 19.3% of the Fund, it is the highest energy allocation that he has had since 1979. His financial service stocks total 2.1%; the lowest allocation he has had in his 35-year career.

http://www.sec.gov/Archives/edgar/data/99188/000104746905015418/0001047469-05-015418.txt

Rating: 4.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK