WEALTHTRACK

Portfolio Lessons: Navigating Market Cycles


Listen Later

Part 2 of 2

Our rare interview with legendary investor Steven Romick, Co-Portfolio Manager of the FPA Crescent Fund which he founded 30 years ago. Morningstar gives the gold-rated fund high marks for its focus on capital preservation and strong stewardship.


Since 1993, Crescent has generated equity-like returns with less risk than the overall market. Its nearly 10% annualized returns match the S&P 500 but with significantly less decline during downturns and faster recovery.


Earlier this year, Romick delivered the keynote at Morningstar's investment conference, reflecting on his 30 years of successful investing across multiple cycles.


We asked Romick to share insights and lessons learned navigating major crises like the tech bubble, financial crisis, COVID crash, and 2022's meltdown. Interestingly, he believes Crescent has survived by "first considering what can go wrong."


Hear Romick's wisdom on defensive investing, managing risk, contrarian thinking, and preparing for an uncertain future. A rare chance to learn from a legendary investor.




WEALTHTRACK Episode 2012 broadcast on September 15, 2023


More Info: https://wealthtrack.com/fpa-crescent-funds-steven-romick-shares-30-years-of-investment-lessons/


Bookshelf: Security Analysis, Seventh Edition: Principles and Technique

https://amzn.to/3szbiSH



...more
View all episodesView all episodes
Download on the App Store

WEALTHTRACKBy Consuelo Mack

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

256 ratings


More shows like WEALTHTRACK

View all
Investing Insights by Morningstar

Investing Insights

493 Listeners

Masters in Business by Bloomberg

Masters in Business

2,162 Listeners

We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,373 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

926 Listeners

Behind the Markets Podcast by Behind the Markets

Behind the Markets Podcast

100 Listeners

Grant’s Current Yield Podcast by Grant's Interest Rate Observer

Grant’s Current Yield Podcast

664 Listeners

Superinvestors and the Art of Worldly Wisdom by Jesse Felder

Superinvestors and the Art of Worldly Wisdom

416 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

584 Listeners

The Acquirers Podcast by Tobias Carlisle

The Acquirers Podcast

302 Listeners

The Long View by Morningstar

The Long View

877 Listeners

Simple, but Not Easy by Morningstar

Simple, but Not Easy

83 Listeners

Excess Returns by Excess Returns

Excess Returns

67 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

403 Listeners

Barron's Live by Barron's Live

Barron's Live

198 Listeners

Yet Another Value Podcast by Andrew Walker

Yet Another Value Podcast

105 Listeners