Salient to Investors: Bruce Berkowitz at Fairholme Capital Mgmt said mutual funds are great vehicles but have rules that allow mutual fund holders to cash out anytime and puts his long-term investing style at a disadvantage, and hurts managers who favor concentrated positions. Berkowitz said he is prone to investing
READ MORE... →Salient to Investors: Bruce Berkowitz at Fairholme Fund bets on the recovery of stocks that fall out of favor, especially recovering icons that trade at half of intrinsic value for reasons that have nothing to do with their prospects. Berkowitz prefers to focus on his best ideas rather than spread them out. Morningstar
READ MORE... →