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Fairholme Capital Founder Turns Away From Mutual Funds; Plans to Attract 'Sticky Money'

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Fairholme's Berkowitz Comments on Financials; Most of Fund in Sears (SHLD), MBIA (MBI) Debt

February 1, 2013 3:52 PM EST

Fairholme Capital Management's Bruce Berkowitz is commenting on banks this afternoon at a conference in New York.

In part, he says financial firms were "priced to die," which created a chance to invest.

Berkowitz also noted that AIG's (NYSE: AIG) crisis... More