Jun 17, 2011

Berkowitz on financial holdings: it's all just a little bit of history repeating

Well, to me, it's very much déjà vu all over again with the financials. This is exactly what I did in the early 90s. It's very reminiscent of the early 90s. And how can you not buy companies selling tangible book value that are essential to the country?

~Bruce Berkowitz, founder, Fairholme Funds, CNBC interview, June 9, 2011

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