Bruce Berkowitz is the reigning domestic equity manager of the decade as selected by Morningstar. During the decade ending December 31, 2009 his flagship mutual fund, the Fairholme Fund (FAIRX), generated annualized returns of 13.2% versus his category average of 0.01%. However, since that time the Fairholme fund is down 16.48% versus the S&P 500 which is up over 10% based on price changes.
