Fairholme Capital Management’s Bruce Berkowitz told Bloomberg TV’s Dominic Chu that he still really likes Bank of America even though the stock crushed his fund last year.

“In the banking, I feel most comfortable with Bank of America.  I like what Brian Moynihan is doing.  I like the trends.  I like the honesty,” the mutual fund manager, who is known for his bullish bets on financials, told Bloomberg TV.

“We always told our shareholders ‘don’t judge us based on short-term performance.’  In bad times the same should be true.”

“It’s long-term.  It’s a long race.  We’re in it for many, many years.  We want to do what’s right for our shareholders over a long-term period,” he added.

 

http://www.businessinsider.com/author/julia-la-roche