Anyone who is an avid student of Warren Buffett should pay attention to Bruce Berkowitz, founder of Fairholme Fund. The philosophy of this fund is to "Ignore the Crowd", therefore his investment decisions are usually contrarian in nature and he tends to go to where investors are scared to go or running from. This sounds just like Buffett's famous quote "Be greedy when others are fearful and fearful where others are greedy". Great interview by Consuelo Mack on his current portfolio positions.
What do you think of Berkowitz’s HUGE bet on financials?
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