PAY ATTENTION TO THE BUSINESS CLIMATE OF WHERE COMPANIES DO BUSINESS SOME QUALITIES JUDGED: Ease of starting a business Obtaining credit & construction permits Getting electricity Registering property Taxes Investor protections Contract enforcement U.S. RANKED NUMBER 4, CHINA RANKED NUMBER 96 Watch the related WEALTHTRACK episode.
BRUCE BERKOWITZ: POWERFUL FINANCIALS?
IGNORE THE CROWD
Look at Out of Favor Funds Fairholme Fund a Prime Example First Morningstar Stock Fund Manager of the Decade Winner Morningstar Silver Medalist in Large Value Category Now Rated Only 2 Stars Out of Possible 5 by Morningstar Watch the related WEALTHTRACK episode.
BRUCE BERKOWITZ: MUSEUM INVESTMENT
The Fairholme Fund’s Great Investor Bruce Berkowitz is known for his investment acumen, but he is also making waves in other areas with his charitable arm, the Fairholme Foundation. We asked him about its latest project, building an art museum on his home turf of Miami. Watch the related WEALTHTRACK episode.
BERKOWITZ: POWERFUL FINANCIALS?
This week we have a rare interview with Bruce Berkowitz of The Fairholme Fund. Launched at the height of the tech bubble in late 1999, The Fairholme Fund has been the top performer in Morningstar’s Large Value category since inception, delivering 13% annualized returns and beating its nearest competitor by a margin of 2.4% points a year. Berkowitz believes in “ignoring the crowd”. He’ll explain why nearly 80% of his portfolio is in four financial stocks shunned by most investors.
BE VERY CAREFUL WHEN CONSIDERING ALTERNATIVE INVESTMENTS
Many new and inexperienced players Many strategies are untested in different market cycles High fees compared to traditional mutual funds Experience counts Go with managements with proven track records over many years and market cycles Watch the related WEALTHTRACK episode.
