Bruce Berkowitz
- Can you kill the investment? Is there adult supervision at the company?
- Is the company essential? Does it depend on the kindness of strangers?
- What can the company make? Reasonable profitability for owners?
- How are owners paid? Distributions?
- Management - honest in past and present?
- Does accounting reflect reality?
- Does the balance sheet match up with the income statement?
- Catalysts - Buybacks? Misunderstood? Is enterprise having a big problem that's fixable?
- Are there irrational fears of current headwinds, i.e. has everyone been burned by the stock so afraid to buy it?
- Does the business have pricing power or unit growth?
- Can you hold the investment for a long time & does it improve portfolio performance?
