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 Hurricane Season: Insurance-linked Securities and Navigating Non-financial Risks Sponsored by Schroders Capital