Berkowitz on Ignoring the Crowd

In a wide-ranging three-part interview with Morningstar’s Don Phillips, top value investor Bruce Berkowitz discusses several aspects of his investment approach, including the willingness to go against the crowd and…

Top Managers Shun Bank Stocks

While it’s now more than two-and-a-half years since the collapse of Lehman Brothers and the worst of the financial crisis, several top investors are still avoiding bank stocks. “We find…

Berkowitz, Renaissance Targeted BP

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.…

Berkowitz Keeps Buying Financials

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…

Berkowitz Loaded Up on Financials

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…