GuruFocus Updates 26 July 2011 Featured 63 Comments

By gurufocus. Bruce Berkowitz detailed his investing thesis on Bank of America (BAC) in a speech given at AAII in June. He is confident with Bank of America and his other positions in AIG (AIG) and MBIA (MBI). As of March 31, Bruce Berkowitz’s firm Fairholme Capital Management owns more than 92 million share of Bank of America. His average cost is around $15 a share. He has lost one third of his investment on Bank of America. Read more » »