In an exclusive interview, legendary portfolio manager Bruce
Berkowitz shares the highs and lows of his deep value, contrarian approach and why
82% of the Fairholme Fund is now invested in one stock.
Bruce Berkowitz
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.
BRUCE BERKOWITZ: IGNORE THE CROWD
“Ignore the crowd” is the motto of this week’s Great Investor guest and Fairholme Fund’s Bruce Berkowitz. Berkowitz, who rarely sits for television interviews, said on WEALTHTRACK that he had his work cut out for himself, defending Fairholme Fund’s losing record last year.
AVOID THE UNDERPERFORMANCE TRAP!
Choose funds based on management, culture, long-term track records, and match their risk profile with your tolerance level…AND STICK WITH THEM! Watch this episode here.
