Money and Finance
The Obsessive Habits Of Bruce Berkowitz, Morningstar's Manager Of The Decade
From February. Found via The Big Picture.
Famed mutual fund manager Bruce Berkowitz, founder of the Fairholme Capital Management, has seen his share of success and failures.
The mutual fund manager was named the U.S. stock manager of the decade by Morningstar in 2010, but saw huge losses in 2011 due to his big bet on financials.
However, there's no denying that Berkowitz was once one of the most successful managers in his field. From 2000 to 2010, the fund had an annualized return of 11.6% compared to an average yearly return of 0.7% for the S&P. Known for his contrarian investment style. And seeing as he's only about two years into his big bet on financials, there's a chance that in the long run the investor may still see success.
We wanted to know why he's done so well, so we collected some of the habits that made Berkowitz so successful.
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The Trouble At Fairholme
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Bruce Berkowitz: The Megamind Of Miami
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Bruce Berkowitz On The Keys To Success For The Fairholme Fund - Advisor Perspectives Interview
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Bruce Berkowitz Stays In The Sunshine
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Bruce Berkowitz On Wealthtrack
Bruce Berkowitz, Founder and Co-Portfolio Manager of The Fairholme Fund, appears on WealthTrack (broadcast date 8/3/2007)
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Money and Finance