Money and Finance
- Romick: No Pay For Play In The Market (video)
Seeing few opportunities that meet their risk-reward criteria, the team at FPA Crescent--winner of Morningstar's 2013 Allocation Fund Manager of the Year award--is sticking to its discipline and letting cash build, says manager Steve Romick. ...
- Gurufocus Interviews Steve Romick
GuruFocus readers recently got to ask Steve Romick, FPA Crescent portfolio manager, their questions about investing. Romick's mutual fund FPA Crescent Fund is up 19.76% over the last year and has delivered an annualized return exceeding 9% over the...
- The Obsessive Habits Of Bruce Berkowitz, Morningstar's Manager Of The Decade
From February. Found via The Big Picture. Famed mutual fund manager Bruce Berkowitz, founder of the Fairholme Capital Management, has seen his share of success and failures. The mutual fund manager was named the U.S. stock manager of the decade by Morningstar...
- Interview With Mark Sellers
Interview that Joe Bradley, founder of Investor’s HOTLINE, conducted with Mark Sellers, managing member of Sellers Capital, LLC, and portfolio manager for the Sellers Capital Fund. ...
- Take-home Lessons On Value Investing
Do you want greater investment returns? You need to assume more risk. So says academic finance, which rests almost entirely on the principle that reward necessarily entails and is commensurate with risk. Indeed this assumption has at least an element...
Money and Finance
Mark Sellers: Irrational world of institutionalised money managers
The definition of risk is different for a mutual fund manager than it is for investors. For a manager, risk is defined as deviation from the index. For an investor, risk is defined as losing money. The root cause of the conflict is communication. The marketing people don’t tell investors that they have this conflict, and so investors naively assume their interests and those of the fund manager are aligned.
- Romick: No Pay For Play In The Market (video)
Seeing few opportunities that meet their risk-reward criteria, the team at FPA Crescent--winner of Morningstar's 2013 Allocation Fund Manager of the Year award--is sticking to its discipline and letting cash build, says manager Steve Romick. ...
- Gurufocus Interviews Steve Romick
GuruFocus readers recently got to ask Steve Romick, FPA Crescent portfolio manager, their questions about investing. Romick's mutual fund FPA Crescent Fund is up 19.76% over the last year and has delivered an annualized return exceeding 9% over the...
- The Obsessive Habits Of Bruce Berkowitz, Morningstar's Manager Of The Decade
From February. Found via The Big Picture. Famed mutual fund manager Bruce Berkowitz, founder of the Fairholme Capital Management, has seen his share of success and failures. The mutual fund manager was named the U.S. stock manager of the decade by Morningstar...
- Interview With Mark Sellers
Interview that Joe Bradley, founder of Investor’s HOTLINE, conducted with Mark Sellers, managing member of Sellers Capital, LLC, and portfolio manager for the Sellers Capital Fund. ...
- Take-home Lessons On Value Investing
Do you want greater investment returns? You need to assume more risk. So says academic finance, which rests almost entirely on the principle that reward necessarily entails and is commensurate with risk. Indeed this assumption has at least an element...