Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fortune Looks Inside the Mind of a Mutual Fund Megastar Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 10, 2010

Fortune Looks Inside the Mind of a Mutual Fund Megastar

News summary by MFWire's editors

Bruce Berkowitz
Fairholme Capital Management
Founder and Portfolio Manager
Fortune magazine has published a profile of Fairholme Capital Management's Bruce Berkowitz. The article by Scott Cendrowski, who accompanied the investing star on a pre-dawn brisk walking exercise in Coral Gables, Florida, addresses, among others, Berkowitz' fascination with AIG and why Berkowitz doesn't see himself becoming a hedge fund manager.

The article also mentions Berkowitz's plans to launch his third mutual fund early next year.

Here are some quotes from the profile:

On concerns raised by some investors about his ability to maintain his successful streak:
  • "Right now, we're at an interesting junction point where people can't decide whether we're about to blow up."


  • On AIG:
  • "All of my most intelligent friends in the insurance world think I'm an idiot. These are CEOs of insurance companies. But it's just right there."

  • "The good thing about AIG is that it's just so complex. For a mere mortal with an average intelligence, it takes a long time to try to put all the pieces together. It's all there to be put together, it's just that you need to have no social life and not too many investments."


  • In the interview, Berkowitz also tells Cendrowski why he won't manage hedge funds. Berkowitz isn't keen on dealing with high-maintenance hedge fund investors and doesn't deem himself the fast-money type.  

    Edited by: Armie Margaret Lee


    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

    0.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2022: Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly


    1. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
    2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
    3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
    4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
    5. 2022 ICI Leadership Summit, May 25-26
    6. ALFI Roadshow to New York, May 25
    7. 2022 IDC Fund Directors Workshop, May 26
    8. Irish Funds Annual Global Funds Conference 2022, May 30-31
    9. WealthManagement Edge, May 31 - June 3
    10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
    11. 28th annual Expect Miracles East Coast Classic, June 9
    12. 2022 Sohn Investment Conference, June 9
    13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
    14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
    15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
    16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
    17. 2022 MMI Emerging Asset Managers Forum, June 23
    18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
    19. Financial Planning INVEST, Jun 28-29
    20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
    21. MFDF Director Discussion Series - Open Forum (New York), July 20
    22. 2022 MMI Distribution Leadership Forum, Jul 20-21
    23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
    24. MFDF webinar - Performance, Perception and Manager Selection, September 14
    25. 2022 ICI Tax and Accounting Conference, Sep 18-21
    26. 5th annual Expect Miracles Atlantic Coast Classic, October 3




    ©All rights reserved to InvestmentWires, Inc. 1997-2022
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use