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#91 - Steven Romick: Value, Quality, and Adaptability
Episode 917th October 2025 • Insightful Investor • Alex Shahidi
00:00:00 00:41:13

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Steven is Co-Managing Partner of First Pacific Advisors and long-time steward of the FPA Crescent Fund’s flexible, risk-aware approach, with FPA managing $28 billion as of June 2025. In this episode, Steven shares wisdom from three decades of investing—how prioritizing margin of safety, business quality, adaptability, value, and a relentless focus on avoiding permanent capital loss have shaped his enduring philosophy.

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