In this episode, we speak with FPA Crescent Manager Steve Romick. Steve has built an exceptional long-term record using an approach that combines value investing with protection of capital and drawdown management. We discuss the biggest lessons...

It has been a painful last decade for value investors. In this episode, our good friend Tobias Carlisle returns to commiserate about the struggles of value and also to talk about the future opportunity it may create....

At the end of last year, many—including Mark Nash of Jupiter Asset Management—bet that the dollar would weaken as the Fed loosened its policy. And indeed, that scenario played out for the first half of 2023—until July,...

The effects of Long-Term Capital Management’s meltdown in 1998 are still being felt today, contends an article in The Wall Street Journal. When the fund, which had borrowed billions, collapsed, the Fed stepped in to rescue it...