Bruce Berkowitz on Why he Likes $BAC

Bruce Berkowitz

Bruce Berkowitz’s Fairholme fund, is up almost 30%, after a disastrous 2011. Berkowitz’s fund under-performed in 2011 due to large positions in financials. With financials rallying this year, the pendulum has swung in the opposite direction. One of Berkowitz’s largest holdings is BAC. The stock is up close to 60% this year, after being down close to 60% in 2011. Below Berkowitz explains why he likes BAC:

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Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More