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.”
The technology industry has long been on the receiving end of billions of dollars in capital, but what's next for the industry? Greylock General Partner Sarah Guo joined Wall Street Journal reporter Zoe Thomas to talk about the future of tech investment. Q3 2021 hedge fund letters, conferences and more Seed Funding Thomas asked Guo Read More
“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.