"There are less ways to cheat on a balance sheet than an income statement," says Bruce Berkowitz, explaining why he focuses on the one rather than the other (and why he'll probably never be a buyer of auto stocks). In this great 35-minute chat from late last year, he again makes his case for AIG and BAC - "it's the 90s all over again" - and SHLD - selling for the liquidation value of its merchandise; the brands and the real estate are free.
"There are less ways to cheat on a balance sheet than an income statement," says Bruce...
From other sites
Video at CNBC.com (Feb 3, 2016)
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Video at CNBC.com (Nov 3, 2015)
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