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.

Bruce Berkowitz, an esteemed investor known for his crisis strategies, shares compelling insights on investment opportunities in midstream energy and Florida real estate. He discusses the importance of management and culture in banking, while reflecting on missed opportunities with Sears and St. Joe's property transformations. Emphasizing due diligence, he speaks on navigating interest rates and necessary cash reserves to ensure safety during economic fluctuations. Berkowitz's decades of experience provide invaluable lessons for both seasoned and new investors.