Concentration is the key. If you believe in something, you should bet big on it.
Investors
Bruce Berkowitz
An American equity fund manager and founder of Fairholme Capital Management. After building experience at Lehman Brothers and Smith Barney, he launched his own firm and achieved returns well above market benchmarks through concentrated bets on a handful of high-conviction stocks. Morningstar named him both 2009 Domestic Stock Fund Manager of the Year and Manager of the Decade — the practitioner who defined concentrated value investing.
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