http://www.marketwatch.com/story/fa...erritory-2011-09-23?link=MW_story_latest_news This is a common thing with mutual funds, the hot fund of the past is todays disaster. Why Index ETFs like SPY and IWM are best to go with instead of these joke funds.
Is there any reason the Fairholme Fund is on your mind? I see a manager that doesn't know what they are doing, and if that was your intent, well done. Dam, I was going to point out another fund whose manager I worked with but apparently the fund's been closed. It really wasn't a good fund. That symbol was SENBX.
The aforementioned 30% stake represents a whopping 4% of Fairholme's assets. Eh.......after they've contracted. The double down (Martingale) of AIG would be of more concern to me. Nevertheless, both "events" are yawns. Just like CNBC, Marketwatch needs content. "They" thank you for your patronage.