|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Bruce Berkowitz Interview: Why He Closed His Funds
Posted by: GuruFocus (IP Logged)
Date: February 4, 2013 08:21AM
Bruce Berkowitz probably learned a lesson or two from the cash flood into and out of his funds in 2011. He now closes the funds to new investors.
Bruce Berkowitz discusses his reasons for not accepting cash from new investors and why he can accept having a bad year in 2011. He spoke with Bloomberg's Erik Schatzker at Columbia University.
I Don't Want New Cash
Berkowitz Says Now Is Not Time to Sell Financials
Guru Discussed: Bruce Berkowitz: Current Portfolio, Stock Picks
Stocks Discussed: BAC, AIG, SHLD,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.