We Study Billionaires - The Investor’s Podcast Network
RWH041: Ignore the Crowd w/ Super-investor Bruce Berkowitz
Feb 18, 2024
William Green chats with Bruce Berkowitz, a renowned investor and chief investment officer of Fairholme Funds, famous for his impressive 23-year track record. They discuss Berkotwitz's major investment shifts after significant losses and his unique approach of concentrating 80% of his fund on one stock. He shares insights on the impact of cash as 'financial valium' and the emotional lessons from investing in Sears. Bruce also examines long-term trends in Florida's growth and assesses the investment risks posed by climate change.
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Quick takeaways
- Bruce Berkowitz emphasizes the importance of making huge bets on a tiny number of stocks for optimal returns.
- His approach to investing involves focusing on long-term trends and businesses that can withstand market challenges for durable investments.
Deep dives
St. Joe Company: A Multi-Decade Wave to Surf
St. Joe Company, a real estate company in Northwest Florida, is experiencing significant growth due to the migration trends in the region. With a strategic location and attractive land assets, St. Joe is capitalizing on the increasing population and demand for quality living. The company aims to create sustainable investments that can stand the test of time. The growth potential in Northwest Florida, along with St. Joe's focus on developing communities, hotels, and apartments, is expected to contribute to its future success.
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