For the 12-month period ended on Feb. 29, 2008 , Robert Rodriguez's fund lost 5.2%, while the S&P500 lost 3.6%. For the 5-year period, his fund average 15.73% annually, and S&P gained 11.64%; over the last 20 years, the fund averaged 15.53, beating S&P500 by more than 5.5% per year.
How did Robert Rodriguez sensed the bubble in financial sector? We looked into his shareholder letters over the past years, here we like to review these letters and hopefully all of us can learn something from it and can avoid future bubbles.
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