GoodHaven Realizes Its Vision
The firm is stepping out of Fairholme's shadow, thanks to a big-time investor.
Life is rarely easy for startups, whether the business is managing money or creating the next social-networking app. Besides coming up with a compelling product or service, attracting capital is often the most difficult task. Fairholme (FAIRX) alums Larry Pitkowsky and Keith Trauner addressed that issue soon after they formed GoodHaven Capital Management, the advisor to GoodHaven (GOODX), near the end of 2010.
But Pitkowsky and Trauner faced the additional challenge of distinguishing themselves from one of the most iconic managers of the past decade, Fairholme's Bruce Berkowitz.
Kevin McDevitt does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.