Today, Bruce Berkowitz’s Fairholme Fund (FAIRX) filed a Form 3 for its investment in United Rentals Inc (URI), signifying that it is now a 10% owner.
I recently became a shareholder of Fairholme, coincidentally on the same day as Buffett’s most recent editorial in the New York Times. Now is the time to be greedy. Berkowitz repeats this Buffett mantra every time I have seen him interviewed and I fervently believe in his abilities to produce excellent long-term results for me.
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