Morningstar fund-manager- of-the-decade Bruce Berkowitz says he wasn't too late into financial...

|By:, SA News Editor

Morningstar fund-manager- of-the-decade Bruce Berkowitz says he wasn't too late into financial stocks, though he bought after they had doubled from March 2009 lows. Recovery means financials could repeat their 1990s run when they rose sevenfold, he says, differing from investors like Jeremy Grantham. (ETFs: IYF, XLF)