 Quote:
Originally Posted by clifp
I know Fairholme has recently reopened. I also know that has a fair amount of Berkshire.
I am considering it why do you like it?
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I like(d) it because:
1) of their large exposure to Berkshire
2) research driven investment strategy focusing on just a few stocks (it is not a diversified fund).
3) because, when I bought it several years ago it fit nicely in my asset allocation (though since then I have noticed that the fund's category is often shifting. It was large growth when I bought it, then it became mid blend and now it is large blend...).
4) at the time it was highly rated by Morningstar (and it still is).
5) It typically keeps a large amount of cash on the sidelines which can limit the losses in a down market. Also, the fund's relatively low beta appealed to me.
6) the reasonable ER of 1%, no load, could be purchased in my VG brokerage account.
and of course:
7) past performance...
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