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 This Foundation Invests Almost Everything in Private Equity and VC. How Does It Work? James Comtois Premium How Electron Is Rewiring Its Portfolio This Year After a Muted Finish to 2025 Stephen Taub AI and Process Integration Offer Managers a Path to Better Performance and Cost Control Sponsored by SS&C Advent