Berkowitz on Ignoring the Crowd

Bruce Berkowitz, whose Fairholme fund has produced exceptional long-term returns, says the reason it has fared so well is a willingness to go against the crowd. Berkowitz also tells Bloomberg that he focuses on the amount of cash companies are producing, an approach that led him to shy away from financial stocks during the sector’s 2008 meltdown.

[youtube=http://www.youtube.com/watch?v=xxxuLMY-WKI&hl=en_US&fs=1&]

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