10 Stocks Veteran Investors Buy to Start a New Fund (Update1)
BOSTON (TheStreet) -- What would a pair of veteran mutual fund managers buy if given a clean slate?
These former Berkowitz acolytes' fund holds six of their favorites from when they were at Fairholme, where they were at various times analysts, fund managers and outside advisers from roughly 1999 to 2010. During that time, the fund had the large-value category's best return -- 13.6% versus 3.6% for its rivals, according to Morningstar.
Those six stocks are: Warren Buffett's Berkshire Hathaway(BRK.B) , retailing giant Sears Holdings(SHLD) , the Bermuda-based insurance holding firm White Mountains Insurance(WTM) , investment banker Jefferies Group(JEF) , gold miner Barrick Gold(ABX) and flooring manufacturer Mohawk Industries(MHK) .