WealthTrack: Bruce Berkowitz – golden rules of investing
This week Consuelo Mack WealthTrack is joined by Bruce Berkowitz, founder and co-manager of the Fairholme Fund. The fund is given five stars by Morningstar for its top performing long-term record – an average annualized return of 13.0% since its inception in 1999, trouncing the market and most of the competition in the process. Bruce follows an unusual investment strategy which involves a highly concentrated portfolio and focus on cash. He also explains why he has brought Berkshire Hathaway back to the portfolio after selling it a couple of years ago.
Note: Click here for the transcript of the interview.
Source: Wealthtrack, November 13, 2009.
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