Famed value investor Bruce Berkowitz has hit hard times over the past decade, with big bets on losers like Eddie Lampert’s Sears Holdings. In fact, over the past 10 years, his Fairholme Fund’s annualized return is only 4.89 percent – less than half of the S&P 500’s 13.56
A St. Joe Company real estate project in Jacksonville, Florida.
(Lori Moffett/Bloomberg)
To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.
