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Wednesday, November 28, 2012

Berkowitz Embraces the Hated

News summary by MFWire's editors

Bruce Berkowitz has had a good year.

That's the gist of reporter Noah Buhayar's article in Bloomberg today, in which the Fairholme Fund PM and some other fund industry insiders talk about how he managed to advance his fund by 30 percent this year.

What was the big advice from Berkowitz?

"Embrace the hated," he said, meaning to look for out-of-favor recovery stocks.

For more on how Berkowitz posted such a solid year, read the original article here. 

Edited by: Ben Geier


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