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Fairholme : A Portfolio Warren Buffett Would Love
By admin - Posted on March 3rd, 2008
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As manager of the $6.8 billion Fairholme fund, which he launched in 1997, Bruce Berkowitz is on the hunt for undervalued companies with strong managers and plenty of free cash. Rather than building a traditional, diversified portfolio, Miami-based Fairholme—named after a street Berkowitz once lived on—concentrates its resources on a limited number of positions, a strategy that has led to impressive returns. Fairholme boasts annualized returns of more than 20 percent over the past five years and has returned nearly 2 percent so far in 2008—despite the nasty market.
Berkowitz recently spoke with U.S. News about why diversification is overrated, how volatility is opportunity, and whether Sears Holdings can be the next Berkshire Hathaway.
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The only problem is...
Submitted by investmentplayground (not verified) on Sat, 05/31/2008 - 23:52.
I've done great with my Fairholme holding thus far, and any opportunity to buy more shares are welcome. The only problem is that I agree with this guy Berkowitz so much - that I'm tempted to go out and buy the stocks he recommends - which means I'd be ultra exposed by owning both his fund AND the holdings in it! Nonetheless - it's good to have a manager like Berkowitz on your side (or portfolio).
correct link
Submitted by Anonymous (not verified) on Wed, 03/05/2008 - 14:48.
http://www.usnews.com/articles/business/economy/2008/02/29/a-portfolio-warren-buffett-would-love.html
this is a really valuable website! Tnx everybody
