Bruce Berkowitz is the founder of Fairholme Capital Management
and the portfolio manager of Fairholme Funds. In 2010, Berkowitz was awarded "Domestic-Stock Fund Manager of the Decade" by Morningstar
From 2000 to 2010, the Fairholme Fund (FAIRX)
outperformed the S&P 500 by a wide margin -- but in 2011 -- investments in Sears Holdings
, St. Joe Corporation
have weighed on the fund's performance.
Berkowitz is considered to be one of the preeminent value-investors of today, penning a chapter of commentary for the 2008 re-release of Benjamin Graham and David Dodd's value investing tome, Security Analysis
-- but has received some criticism for his praise of U.S. government bailouts of insolvent financial institutions.