The 50-year-old Berkowitz started Fairholme Fund in December 1999, and he's consistently crushed the competition. The five-star, large-blend fund has clinched the No. 1 spot in its Morningstar category for the one, three and five-year periods. Through Aug. 12, Fairholme's five-year annualized return of 16.51% bests its peers by 7.54 percentage points.
There are two ways you can invest: You can try to predict or you can react. We react. We look for stressed situations and buy if appropriate.
I hope that the market stays weak and tough and that it doesn't go up much. In the last eight years the market has done nothing, and we are up 300%. This is our kind of environment.
Read the complete interview
There are two ways you can invest: You can try to predict or you can react. We react. We look for stressed situations and buy if appropriate.
I hope that the market stays weak and tough and that it doesn't go up much. In the last eight years the market has done nothing, and we are up 300%. This is our kind of environment.
Read the complete interview
