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Strategies & Market Trends : Value Investing

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To: hardincap who wrote (44537)	9/24/2011 12:28:59 AM
From: Paul Senior	Read Replies (2) of 78752

Okay. Then I'm curious to know what that 5% rule is also. There's a conflict somewhere. Can't be, can it, that the Fairholme Fact Sheet is wrong? (Scroll down see several stocks >5%, including BAC at 5.7%) fairholmefunds.com Fact Sheet reports % of Total Net Assets. Maybe the percentage he's talking about is 5% of something else? Is there something called Total Gross Assets? Maybe the fund has borrowings, and % of gross assets is the bar he's referring to? Anybody here know?

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