Bruce Berkowitz’s $FAIRX Releases New Presentation on Value Investing. The chart shows the success the fund has had this year (up 25% YTD) by sticking with its investment philosophy. Berkowitz received a lot of criticism for what seemed to be his change of strategy, including myself. However, whether it changed or not, he is having a fantastic year, and we wish his shareholders and Berkowitz further success.
The full slide is in scribd below:
Nomad Investment Partnership: Keep An Eye On The Unseen Risks
There are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More