One of our biggest dilemmas around here is what to do with the Fairholme Fund (FAIRX). We've put the fund in our Growth Powerfund Portfolio in late 2004, but sold it in June 2007 after enthusiastic recommendations by the financial media and big inflows of new money (such inflows generally mean the best days of a fund are behind it). Still, we've kept Fairholme on our favorite fund list in the mid cap value category. Now with around $10 billion in assets, we're seriously considering removing it - even though the market beating returns continue - and with low fees to boot.
Perhaps this Fox Business interview with contrarian fund manager Bruce Berkowitz will help us decide. For all those sick and tired of dull fund manager interviews by fund-clueless CNBC anchors who don't know anything about the fund they are talking about, watch this video. Bruce likes healthcare. Hopefully he's right, we have healthcare funds in our model portfolios. He also is avoiding banks - which seems like the contrarian dream sector.
One of our biggest dilemmas around here is what to do with the Fairholme Fund (FAIRX). We've put the fund in our Growth Powerfund Portfolio in late 2004, but sold it in June 2007 after enthusiastic recommendations by the financial media and big inflows of new money (such inflows generally mean the best days of a fund are behind it). Still, we've kept Fairholme on our favorite fund list in the mid cap value category. Now with around $10 billion in assets, we're seriously considering removing it - even though the market beating returns continue - and with low fees to boot.
Perhaps this Fox Business interview with contrarian fund manager Bruce Berkowitz will help us decide. For all those sick and tired of dull fund manager interviews by fund-clueless CNBC anchors who don't know anything about the fund they are talking about, watch this video. Bruce likes healthcare. Hopefully he's right, we have healthcare funds in our model portfolios. He also is avoiding banks - which seems like the contrarian dream sector.
LINK