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A Flurry of Appearances for Bruce Berkowitz
Here are the numbers:
Since the inception of the Fairholme Fund (FAIRX), right at the end of 1999, the fund has returned a cumulative 240%, through June 30, 2008. On an annualized basis, those are returns of 15.5% per year. That would turn a $10,000 investment into $34,000 in the span of 7 and a half [...]
