today slowed down its caravan even more to take stock of Bruce Berkowitz
, much-maligned chief of Fairholme Capital Management [see profile]
, who has gone from super bowl winning coach to floundering PM.
According to Morningstar's Fund Spy column, Berkowitz set up unrealistic expectations for himself by beating the S&P 500 Index in nine of its first 10 years. "This is not the fund for those looking for year-to-year consistency. But for those who can handle its extreme volatility, there could still be a pay off down the road," wrote Kevin McDevitt.
Morningstar also gave Fairholme a silver star
rating earlier this week.
Fundsters looking for more reasons to believe that Berkowitz can deliver another winning year may want to check out the rest of the column
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