FEBRUARY 1, 2018 - Fairholme Funds, Inc. 2017 Annual Report & Portfolio Manager's Letter
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How does Fairholme stand apart?
We maintain that value inevitably attracts price. We swing big at our best ideas. Dips and downturns are our double espressos. If it's not ridiculously cheap it's not our cup of tea. And when the crowd stampedes left, we advance right -- with courage of conviction.
In short, we Ignore the crowd.