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Bruce Berkowitz- Return Of A Star Fund Manager (Fortune)

|Includes:AGO, AIG, BAC, Citigroup Inc. (C), MBI, MS

For those who have followed us for some time, you know that we are big fans of Bruce Berkowitz and his investment style. He is probably the guy we have the most in common with in terms of our stock selection process. Last year was a tough year for him, but while investors in his fund were leaving in droves, we believed and said they were making a bad decision. This year he has rewarded those that were patient with upper 30% returns. The best part is there is still a lot of upside in the large financials. At TTCM we have large positions in AIG, C, BAC, MS and we prefer AGO over MBIA. We also utilize put options to get in at cheaper prices than what would be available if we just bought the stock outright. This helped us in 2011 when financial stocks were extremely weak, and we've been able to ride the climb thus far this year. I still believe most of these stocks are at least 50% undervalued. Below is a link to the article.

Disclosure: I am long C, BAC, AGO, AIG, MS.

Stocks: C, BAC, AGO, MBI, AIG, MS