In a lengthy joint interview with Advisor Perspectives and GuruFocus.com, Morningstar Fund Manager of the Decade Bruce Berkowitz offers his take on the market and several of his main holdings. Berkowitz, who went heavy into financial stocks after the financial crisis, says he remains confident in his financial holdings. “Loans created and underwritten since 2009, […]
Read more
Tag Archives: Bruce Berkowitz
Berkowitz on Why He Still Likes Financials
August 30, 2010 
1 Comment
Morningstar domestic stock fund manager of the year Bruce Berkowitz is standing by his big bet on beaten-down financials, and recently explained why on Consuelo Mack’s WealthTrack. Berkowitz says that, having been incredibly scrutinized in recent years, financials now have strong balance sheets and excellent earnings power — and are trading at extremely cheap valuations. […]
Read moreBerkowitz, Renaissance Targeted BP
August 16, 2010 0 Comments
Top fund manager Bruce Berkowitz has been buying up beaten-down financials for several months now. In the second quarter, he also keyed on a beaten-up energy company — much-maligned BP. While the oil giant has taken a big hit both financially and reputation-wise following its Gulf of Mexico well explosion, Berkowitz apparently sees value in […]
Read moreBerkowitz Keeps Buying Financials
August 2, 2010 2 Comments
Add another big-name financial to the portfolio of top fund manager Bruce Berkowitz: Morgan Stanley. Berkowitz has built up a stake of close to 2% in Morgan Stanley, whose shares he started buying last quarter, he tells Dow Jones Newswires. The shares, which represent somewhere between 4% and 5% of his Fairholme Fund’s portfolio, are […]
Read moreBerkowitz Loaded Up on Financials
July 14, 2010 0 Comments
After disclosing that his Fairholme fund opened or increased its stakes in two much-maligned insurers — AIG and MBIA — Bruce Berkowitz now has well over half of his portfolio in financial or insurance companies. According to Alex Garcia of GuruFocus.com, Berkowitz, who was recently named one of Morningstar’s fund managers of the decade, now […]
Read moreBerkowitz Still Sees Value in Financials
June 28, 2010 0 Comments
Bruce Berkowitz, whose Fairholme fund has returned close to 13% per year over the past decade while the S&P 500 has been in the red, says he’s still finding a good deal of value in one of the market’s unloved areas — financial stocks. “Investors have lost much of their wealth from financial institutions over […]
Read moreBerkowitz, Grantham, Other Gurus Offer Top Picks
June 3, 2010 0 Comments
Fortune magazine is running a special issue this month on how to “Retire Rich”, and one particularly interesting piece involves 25 stock picks from 25 investors with strong track records, including Bruce Berkowitz, Jeremy Grantham, and David Herro. Here’s a sampling of some of these gurus’ top picks: Chuck Akre: Akre, who now runs his […]
Read moreBerkowitz, Paulson Upped Stakes in Several Financials in Q1
May 19, 2010 0 Comments
While Warren Buffett trimmed some of his financial stock holdings in the first quarter, two other top strategists — hedge fund guru John Paulson and Morningstar fund manager of the decade Bruce Berkowitz — added to several of their bank share stakes. According to MarketWatch, Paulson upped his Bank of America holdings by almost 17 […]
Read moreBerkowitz Targets Financials
March 29, 2010 0 Comments
In an interview with Barron’s, top fund manager Bruce Berkowitz says that he’s high on some of the firms most beaten down by the financial crisis — including Citigroup and AIG — and that we’re reaching a point where finding “really great investments” is going to become more difficult. “There were some obvious and wonderful […]
Read moreBerkowitz High on Citi, AIG
March 16, 2010 0 Comments
Top fund manager Bruce Berkowitz is once again showing his go-against-the-crowd streak, recently snatching up shares of two of the financial crisis’ biggest whipping boys, Citigroup and AIG. In an interview with Fortune, Berkowitz says that Citigroup’s balance sheet is slowly improving, its capital ratios are higher than they’ve been in years, and its shares […]
Read more
