Monday, March 20, 2006

FPA: We believe in Hubbert's Peak.

First Pacific Advisors (FPA) is a fund advisory firm that has always marched to the beat of a different drummer, but has a solid track record. They were big in energy stocks (mainly service) for a while, but are now heavily in cash-like instruments because they believe the risk/reward ratio is not favorable at the moment. Over a 5 year time frame they are believers in energy.

CNBC via MSN video: First Pacific Advisors Portfolio Manager Steve Romick.