August 8, 2008 - "Tips from the Experts"
Summary: I think the best way to learn about investing is to hear how the best money managers invest their money. Hear two of the industry's best, Bruce Berkowitz and David Winters, talk about what they look for in stocks and their investment thesis on different investments.
Interviews with two of my favorite fund managers. While each manager definitely has his own style, I try to find the underlying similarities that make them so successful. First up is Bruce Berkowitz of the Fairholme Fund. The second video is David Winters of the Wintergreen Fund. Listen to how simply they explain the analysis of the stocks they have invested in. Hear Bruce Berkowitz explanation of his investment in Sears Holdings (SHLD), and listen to Winter's search of the trifecta (good businesses, good prices, and good management)!
1) Patience to wait for their investments at their price
2) Have cash on hand so they can buy in downturns
3) Buy and invest at your price with a margin of safety
