If You Want To Be Rich, We Can Help You! | Get to Know Bruce Berkowitz

Born in 1961, Bruce  Berkowitz is a financial wizard who remains optimistic about the current ecomonic situation and believes that it is heading for a real recovery.  In fact, he is quite certain that his investment portfolio will continue to gain strength because it includes stocks that are relatively inexpensive in comparison to the amount of cash being generated by them.

Recently crowned Domestic Fund Manager of the Year by Morningstar Inc. which also named him Best United States Stock manager in 2009),  Bruce Berkowitz has an extremely impressive resume as an expert in investments that includes a position as a senior manager in charge of portfolios for Lehman Brothers Holdings, Inc. and founding father (as well as manager) of both Fairholme Capital Management (who’s portfolio has continuously produced excellent long term returns for his clients), as  well as Financial Property and Casualty Insurance. In addition, Mr. Berkowitz currently acts as a director for TAL International Group, Inc as well as for AmeriCredit Corp. He has also held several positions at White Mountain Insurance Group Ltd. including chair of its Finance Committee, a member of both the Compensation and Audit Committees and Independent Director since 2004.

Yet, while many hold him in the same high level of skill as the great  Warren Buffet (perhaps the world’s best known finance guru and greatest investor of all time), there have been times that his strategies have perplexed other experts, especially his choice to purchase stock for troubled Citigroup while dumping defense stocks such as Boeing and Northrop Grumman in 2009. He is currently touting investments in both financial and  healthcare companies, and has been buying a lot of  Winthrop Realty Trust stock, favoring it strongly over oil stocks.

Additional affiliations include Safety Insurance Group., Inc., The University of Massachusetts (where he received his BA) and Olympus Re Insurance Co., Inc.

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