<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Cale In The Keys &#187; fairholme</title>
	<atom:link href="http://www.caleinthekeys.com/tag/fairholme/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.caleinthekeys.com</link>
	<description>Portfolio manager Cale Smith on investing, Spoke Funds®, and Islamorada in the Florida Keys.</description>
	<lastBuildDate>Thu, 02 Feb 2012 17:15:10 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
		<item>
		<title>Roger that, Bruce Berkowitz</title>
		<link>http://www.caleinthekeys.com/2010/01/16/roger-that-bruce-berkowitz/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=roger-that-bruce-berkowitz</link>
		<comments>http://www.caleinthekeys.com/2010/01/16/roger-that-bruce-berkowitz/#comments</comments>
		<pubDate>Sat, 16 Jan 2010 17:06:31 +0000</pubDate>
		<dc:creator>Cale</dc:creator>
				<category><![CDATA[Spoke Fund TM]]></category>
		<category><![CDATA[fairholme]]></category>

		<guid isPermaLink="false">http://www.caleinthekeys.com/?p=2008</guid>
		<description><![CDATA[Good quote from Bruce Berkowitz of Fairholme Funds, who was just named Morningstar&#8217;s U.S. mutual fund manager of the year for 2009. I’ve had a lot of fun and continue to enjoy myself. We expand our circle of competence &#8211; slowly. We hopefully get better and wiser and don’t make the same mistake twice. After [...]]]></description>
			<content:encoded><![CDATA[<p>Good quote from Bruce Berkowitz of <a href="http://www.fairholmefunds.com/">Fairholme Funds</a>, who was just named Morningstar&#8217;s U.S. mutual fund manager of the year for 2009. </p>
<blockquote><p>I’ve had a lot of fun and continue to enjoy myself. We expand our circle of competence &#8211; slowly. We hopefully get better and wiser and don’t make the same mistake twice. After about 30 years I’ve made my fair share of mistakes.</p>
<p><strong>I have a trick I use: I put all of my family’s money into the fund.</strong></p>
<p>I’m using every device I know of to make sure we maintain a level playing field and put ourselves in the shoes of our shareholders. The only way to do that is to become <strong>as large a shareholder as possible</strong>.</p></blockquote>
<p>Amen. But it&#8217;s only a &#8220;trick&#8221; in mutual fund world.  Otherwise, it&#8217;s a <a href="http://www.islainvest.com/pdf/mutual_vs_spoke.pdf">Spoke Fund®</a>, knowhatImean?</p>
<p>Here&#8217;s the <a href="http://www.advisorperspectives.com/newsletters10/pdfs/Bruce_Berkowitz_on_the_Keys_to_Success_for_the_Fairholme_Fund.pdf">whole interview</a>. H/t <a href="http://twitter.com/ManualOfIdeas">@ManualofIdeas</a></p>
<p><a class="a2a_dd a2a_target addtoany_share_save" href="http://www.addtoany.com/share_save#url=http%3A%2F%2Fwww.caleinthekeys.com%2F2010%2F01%2F16%2Froger-that-bruce-berkowitz%2F&amp;title=Roger%20that%2C%20Bruce%20Berkowitz" id="wpa2a_2"><img src="http://www.caleinthekeys.com/wp-content/plugins/add-to-any/share_save_171_16.png" width="171" height="16" alt="Share"/></a></p>]]></content:encoded>
			<wfw:commentRss>http://www.caleinthekeys.com/2010/01/16/roger-that-bruce-berkowitz/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

