Fairholme Funds (Bruce Berkowitz) October 2018 Investment Update

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About: St Joe Co. (JOE), FNMA, FMCC, IPMLF, FAIRX, FOCIX, FAAFX, Includes: SHLDQ
by: Fund Letters

Summary

The Fairholme Fund seeks to achieve long-term growth of capital by investing in a focused portfolio of equity and fixed-income securities.

Includes detailed analysis of Fairholme Fund's positions in JOE, FNMA, FMCC, IPMLF, FAIRX, FOCIX, FAAFX.

Cash and cash equivalents are at historically high levels in the Fairholme Fund, the Fairholme Focused Income Fund, and the Fairholme Allocation Fund given investment performance and being more fearful than greedy when balancing market opportunities and risks.