Berkowitz: There's Value in Healthcare

Top fund manager Bruce Berkowitz says that though stocks are up some 60% off their March lows, there are still values left in the market — particularly in the healthcare sector.

Berkowitz, whose Fairholme Fund has returned about 13% per year since its inception 10 years ago vs. about 1.1% for the S&P 500, tells CNBC that his firm is “very focused” on healthcare stocks, and that he thinks health insurers will be part of the healthcare reform solution — not part of the problem. Once a bill is finalized, he says, investors will see that “the reality that not that much is going to change” for health insurers. Berkowitz also says he’s very interested in real estate right now.

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