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Why Fairholme Moved into Health Care

Bruce Berkowitz says health-care firms are still quite cheap and have a solid prognosis.

Mentioned:

Michael Breen: Greetings. This is Mike Breen from Morningstar, coming to you from the 2009 Morningstar Investment Conference. We have collected a lot of the best money managers in the business here, and I am fortunate to have one with me here right now, Bruce Berkowitz of the Fairholme Fund. How are you Bruce?

Bruce Berkowitz: Great, Mike.

Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.