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Bob Rodriquez's Gloomy View
Submitted by admin on Wed, 04/16/2008 - 01:25
Veteran investor Bob Rodriguez is fiercely protective of preserving shareholder capital. So when Rodriguez, the rare manager who runs both a stock fund and a bond fund, concluded three years ago that a housing boom fueled by funny-money mortgages would end with a massive bust, he began positioning his funds even more conservatively than they already had been.
The ace fund manager expects a subdued economic recovery and mediocre returns from both stocks and bonds over the next few years.
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