Once again Bruce Berkowitz of Fairholme Funds produces one of the best shareholder letters of anyone in the business. His patience and discipline is truly exceptional and I couldn’t agree with his sentiments any more. It’s amazing how many investors left him after one bad year and have missed out on a nice recovery, which in my opinion is just the beginning when you look at his positions.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.