4. The Investor
Robert Rodriguez
First Pacific Advisors
Anticipating an economic slowdown, Rodriguez began moving his stock mutual funds into cash in 2004. Big warning signs for him included the mania in the mortgage market and lax corporate lending covenants. "We clearly no longer had lending standards," he says.
He is still not buying stocks, expecting the slump to last a long time as the credit crisis that began in the housing sector spills into other areas.
NEXT: The Regulator
First Pacific Advisors
Anticipating an economic slowdown, Rodriguez began moving his stock mutual funds into cash in 2004. Big warning signs for him included the mania in the mortgage market and lax corporate lending covenants. "We clearly no longer had lending standards," he says.
He is still not buying stocks, expecting the slump to last a long time as the credit crisis that began in the housing sector spills into other areas.
NEXT: The Regulator
Last updated August 06 2008: 6:26 PM ET
RSS
