I have searched for a good Value manager, but many who claim to be are not. I have found a manager who is, but his minimums are high, a million dollars. Contact me if your are interested in reaching him.

The Fairholme Fund is a great alternative for those who can swing the minimum $2500. Since 12/29/1999 the fund is up 240% while the S&P 500 is up less than 1%. during the bad sell off in 2002 when the market was down 20% Fairholme was down less than 2%. Their true value technique is simple: “be fearful when others are greedy and be greedy when others are fearful.”

Not surprisingly, some of their holdings match the private money manager.