Former FPA Manager – Bob Rodriguez – Shares Market Insights

Robert (Bob) Rodriguez, former managing partner at asset-management firm FPA, shared insights and opinions regarding various market-related topics in an interview recently published in Advisor Perspectives. Here are some highlights: On mean reversion:  Rodriguez emphasizes that a mean reversion will occur. He shares his belief that the “standards in the industry are being compromised; monetary policy has so totally distorted the capital markets. You are now into the eighth year of a period that is unprecedented… Read More

FPA’s Rodriguez: Bigger Crisis Coming If U.S. Doesn’t Act Soon

Top strategist Bob Rodriguez of FPA Capital — one of the few to warn about the 2008 financial crisis in advance — says the window the U.S. has to confront its debt issues and avoid a Europe-esque crisis is narrowing. In a speech given at an Institute for Private Investors gathering last week, Rodriguez said 2013 will be the most crucial year in 80 years in terms of getting the country on the right fiscal… Read More

Rodriguez: No Time to Lose on Fiscal Reforms

Top fund manager Bob Rodriguez of  First Pacific Advisors says the U.S. needs to get is financial house in order — and soon. “We need significant fundamental reductions in expenditures at the Federal level this year because they’re not going to happen in 2012, which is an election year,” Rodriguez, back from his year-long sabbatical, tells Advisor One. “If not, by 2013 we’ll be sitting on more than $17 trillion in debt. Therefore, the window… Read More

Inside Rodriguez’s Approach

A new Bloomberg article takes a look at First Pacific Advisors’ Bob Rodriguez, offering some insights into the strategy of the fund manager whose 15% average annual return over the past 25 years ranks #1 among diversified U.S. equity funds (according to Morningstar). Among the key parts of Rodriguez’s strategy, writes Bloomberg’s Charles Stein: He focuses on two or three industries at a given time; He looks for firms with market values between $1 billion… Read More

Buffett, Whitman, Grantham & Others Weigh In

Kiplinger’s recently asked six top strategists to give their take on investing and where the markets are headed from here. A sampling of the responses: Warren Buffett: While he says he has no idea where stocks will head in the short term, Buffett says that “over a ten-year period you will do considerably better owning a group of equities than you will owning Treasuries. In fighting the economic war, we’ve taken action that sows the… Read More

Rodriguez on What to Do Now — and The Next Crisis

In a recent interview with WealthTrack’s Consuelo Mack, First Pacific Advisors’ Bob Rodriguez talks about his current market outlook and strategy, why he thinks the government is fundamentally broken, and what he believes will be the next crisis to hit the economy. Rodriguez has an exceptional track record in both bonds and stocks, and was one of the few strategists who saw the credit crisis coming. [youtube=http://www.youtube.com/watch?v=qZ6BbYqGMQ0&hl=en&fs=1&]

Rodriguez Bullish on Energy Stocks — Not So Bullish on Economy

Bob Rodriguez of First Pacific Advisors sees continued tough times for the economy, but that doesn’t mean he’s staying on the sidelines. In an interview with Morningstar, Rodriguez discusses his firm’s big recent push into energy stocks. A number of factors — very low valuations, the fact that the world is consuming three times as much oil as it is finding, and the huge amounts of cash energy firms were able to generate in the… Read More

Gabelli, Grantham, Gross & Others Weigh In

A number of top investment strategists offered their opinions about the market and the economy at the recent Morningstar Investor Conference in Chicago, including value fund star (and Benjamin Graham disciple) Mario Gabelli. Gabelli, whose ABC fund posted its first negative returns in 14 years last year — when it dropped just 2% — sees opportunities in the market for long-term investors. “Basically we are very simple: What will the stock market do over the… Read More

The Contrarians’ Revenge?

MarketWatch recently had an interesting piece on contrarian investment strategies, highlighting the fact that many of the contrarian managers who were hit hard last year are now netting some strong bounce-back gains. “As the market has bounced back in recent weeks, [several] contrarian-style funds, with their bargain-minded ways, have been outperforming,” writes MarketWatch’s Sam Mamudi, discussing well-known contrarian managers like David Dreman, Bill Miller, and Marty Whitman. “Dreman Contrarian Large Cap Value is up about… Read More