We continue our look at various money managers’ portfolios with Bruce Berkowitz of the Fairholme Fund. Readers can get a spreadsheet view of Berkowitz’s portfolio changes here. Notable changes include the following: Fairholme continues its thematic investing, opening or adding to bullish positions in defense and health insurers. New investments include Humana (HUM) and General [...]
Of course, Warren Buffett is the most admired living investor but for my money, I appreciate Seth Klarman’s insights and approach as much if not more than the Oracle. Readers can see all of the Baupost Group’s portfolio moves in easy-to-read spreadsheet format here but below is a summary of items that caught my eye: [...]
I’ve broken down most of the Q4 2008 13F filings for the money managers I watch, including Seth Klarman, Bruce Berkowitz and Meryl Witmer. You can click on the links below to view the detailed spreadsheets. A few notable exceptions yet to file include Mohnish Pabrai, Boone Pickens’ BP Capital and Warren Buffett’s Berkshire Hathaway. [...]
Gerry asks: “I read your article on investing in ADRs in the US. I am interested in diversifying my portfolio into foreign companies but the spreads on the ADRs seem to be a huge drawback to investing through an ADR. Is there a way to avoid the ADRs and invest in those foreign exchanges directly? [...]
A new feature I’m implementing for the Enlightened American blog will be a periodic stock screen. You can expect a new screen every two weeks or so, each focusing on some segment of the investment universe. For the inaugural edition of the screen, I am focusing on foreign ADR stocks. In a horrific 2008, US [...]
Ok, maybe nothing so dramatic as the title suggests but one does get a decidedly different slant between the two papers’ morning coverage of the recent rise in the 10-year Treasury yield. The Journal sees the dawn of a new day, apparently, as the two articles discussing the Treasury market have an unmistakably positive tone. [...]
