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Interview with Bruce Berkowitz


dcollon
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  • 1 year later...

Despite losing his team, Berkowitz is having a KILLER October

 

http://www.google.com/finance?q=fairx

 

Short term performance may mean nothing but it is interesting that (so far at least) selling at the point of maximum pessimism has proven to be the opposite of smart. (again)

 

Usually how it works.  Investors do stupid things because of emotion and anchoring.  How many missed the boat again this time?  Cheers!

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Despite losing his team, Berkowitz is having a KILLER October

 

http://www.google.com/finance?q=fairx

 

Short term performance may mean nothing but it is interesting that (so far at least) selling at the point of maximum pessimism has proven to be the opposite of smart. (again)

 

Usually how it works.  Investors do stupid things because of emotion and anchoring.  How many missed the boat again this time?  Cheers!

 

http://www.cornerofberkshireandfairfax.ca/forum/index.php?topic=5485" data-ipsquote-contentclass="forums_Topic" 59398#msg59398

 

A lot if you take this bunch as a sample.  And I bet retailer investors did even worse.

 

Eurstoxx50 up 27% from its low. That's how hard it has been going. Overseas investors that bought euros around the EURUSD low and bought Eurstoxx50 under 2000 points actually made over 30-35% in +- a month. Crazy.

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  • 2 years later...

http://www.valuewalk.com/2014/09/bruce-berkowitz-talks-fannie-freddie-aig-bac/

 

Excerpt quote from Berkowitz:

 

What I think we’ve done is absolutely have kept to our word as to how we were going to behave, and we showed that we stuck to our guns during extremely stressful times, and it’s proving to be correct and profitable, but the story isn’t finished yet. We’ll know in a few more years whether or not this was the correct strategy. I mean, we’re starting to come back very nicely, but our companies are still quite cheap, but every day people are figuring it out more and more, and we’re getting there. We’ll get there. If it was easy, everyone would do it.
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  • 1 year later...

Berkowitz is fighting a losing battle. The whole business model of GSE's is flawed. Without an implicit(now explicit) guarantee from the government this company is toast. This is merely a stamping machine backed by the taxpayers money with a zero value add. No wonder these lawsuits are being thrown out of the court. The stock and preferred should go to zero, the correct valuation of this worthless garbage.

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