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DEEP THOUGHTS WITH BRUCE BERKOWITZ

Bruce Berkowitz, head of the $11.2 billion Fairholme Fund, talks with Bloomberg’s Margaret Brennan about his investment strategy. Berkowitz was this month named fund manager of the decade in the U.S. stock-fund category by Chicago-based research firm Morningstar Inc. The Fairholme Fund returned an average of 13 percent over the past 10 years, while the Standard & Poor’s 500 Index fell an annual 1 percent.