03 Dec 2009 FPA’s Rodriguez Flouts ‘Small Mind’ Investor Rules to Top Funds ( Portfolio )
Robert Rodriguez ignores most rules of the mutual-fund industry, an approach that’s helped him beat all rival managers over the past 25 years.

Rodriguez, who runs the $1.1 billion FPA Capital Fund, puts most of his money into two or three industries at a time, has stopped taking new investors for 12 of the past 14 years and has held as much as 46 percent of assets in cash...