Where Is Bruce Berkowitz Looking for Winners in 2009

(via biz.yahoo.com)

This short article updates readers on the latest moves by Bruce Berkowitz's Fairholme Fund. I didn't realize Leucadia has been removed from the fund's holdings until reading this article.

mcournoyer on Tue, 2009-02-03 15:13
Title: Not so!

Actually the article misstates. The just-released annual report lists LUK as a 3.38% position; the Fairholme Fund has also initiated direct investments in two of Leucadia's largest investees, Fortescue Metals and AmeriCredit.

George on Tue, 2009-02-03 15:45

Thanks for pointing out that error in the article. I should have trusted my gut when it felt unusual for Berkowitz to have sold his LUK position. I just looked at Fairholme Fund's latest SEC filing and it indicates the fund still holds LUK. I guess I need to vote down my own submission now.