Morningstar Interview with Larry Pitkowsky of the Fairholme Fund

• Part-1 : Betting on the Jockey

• In late 2007, Morningstar interviewed Larry Pitkowsky of the Fairholme Fund (FAIRX). In part one, he discuss Fairholme's focus on "betting on the jockey" as well as the role that cash plays in their portfolio construction.
  
• Part-2 : Digging Deeper into a Large-Cap Fund Pick
• In part two of our discussion, we dig deeper into the Fairholme Fund's search strategy and portfolio construction, which has several similarities to my approach in managing the Morningstar Ultimate Stock-Picker's Portfolio. We also touch on two asset-rich companies that have recently migrated onto my watch list.