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Romick: Where Investors Are (and Aren't) Paid to Play

The FPA Crescent manager takes a pass on long-dated bonds and high yield, but found value in old-school tech firms.

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Jason Stipp: I'm Jason Stipp for Morningstar.

Minding the downside and focusing on the long term are two important factors for successful investing, and few managers do it better than those at FPA Crescent, a Gold-rated, 5-star fund. Joining us today is lead manager Steve Romick to talk a bit about how the portfolio is positioned today.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.