Bruce Berkowitz, founder and co-manager of Fairholme Fund, talked at Consuelo Mack WealthTrack on Aug. 3, 2007. Berkowitz discussed why a handful of stocks and a pocketful of cash has enabled his fund to far outdistance the market in all kinds of weather.
I highlight some interesting points below:
- Q: What's your view on the US Stock Market ? Berkowitz: I have no idea !
- The future is so unpredictable. We assume the worst. We assume bad things can happen do happen. We try consistently to be ready for that.
- Cash as Strategic Asset.
- Trying-to-kill-the-company approach.
- “The One Investment…” - Canadian Natural Resources (CNQ)
*You can also read Fairholme Fund 2007 Semi-Annual Report and watch CNBC Interview with Burce Berkowitz on June.
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