Enterprising Investor Forum

Bruce Berkowitz is the founder and the Managing Member of the Fairholme Fund. Since inception in 1999 through the end of 2007, the Fund has returned 17.40% annually on average compared to 1.71% for the S&P 500.

Bruce tends to run a very concentrated portfolio and focuses on companies with exceptional management that generate large amounts of free cash flow and that are trading at a good dicont to fair value. He has been known to take big bets and call trends early - the tag line for his funds is; Ignore the Crowd!

Here is a very interesting interview on what he is doing now. He is definitly worth listening to:

• Morningstar - What Fairholme’s been buying: here.

Enjoy!