Fairholme Fund lands in foul territory

Posted on September 23, 2011 at 15:02 PM EDT

Fairholme Fund has crossed the boundary of what is good for its shareholders, and the moment a fund shows a willingness to put a manager’s ego and interests ahead of shareholder concerns and needs, it’s time to look for the exit, says Chuck Jaffe.

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Berkshire Hathaway Berkshire Hathaway B Fairholme Fd Pfizer, Inc. St. Joe Co.

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