Bruce Berkowitz on Managing Risk and Reward Clients come first, and Fairholme Capital's Berkowitz is the largest client in everything his firm does. The result has been great risk-adjusted returns for both him and his clients. Related Articles U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise NDR Middle Market PE Firms Optimistic for 2026 Deal Revival John Crabb Infrastructure Debt Positioned Well for the Year Ahead Sponsored by IFM Investors