Steve Romick Bets On Retail Apocalypse With Sears Debt

Rupert Hargreaves

Published onJune 5, 2017

Updated on May 14, 2021

Steve Romick on sears Canada play amid retail woes

Since inception in June 1993, Steve Romick’s FPA Crescent Fund has returned 10.4% annualized Vs 7.0% for the MSCI World Index, which makes the fund one of the best performing value funds out there.

However, while FPA’s record of investing is highly impressive, recently Romick and team have been more concerned about the current “weapon of mass destruction” that is threatening markets as it grows.

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Sears Holdings By DR04 (Own work) [CC BY 3.0], via Wikimedia Commons

The weapon in question is ETFs the growth of which is being...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Steve Romick Bets On Retail Apocalypse With Sears Debt

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