General Investing >> Money Manager Interviews >> July 14, 2015
TWST: Can we start with a little bit of background on GoodHaven Capital Management?
Larry Pitkowsky co-founded GoodHaven Capital Management, LLC in late 2010, and currently serves as a Managing Partner and Co-Portfolio Manager along with Keith Trauner. GoodHaven is a registered investment adviser that provides investment management services to separate accounts and the firm's affiliated GoodHaven Fund, a public, no-load mutual fund (MUTF:GOODX). Prior to forming GoodHaven, Mr. Pitkowsky was a consultant to Fairholme Capital Management for approximately two years, and from 1999 through 2008, he held a variety of roles at Fairholme and its affiliates, including Analyst and Portfolio Manager. In addition, for most of the period from 2002 through 2007, he was a named Portfolio Manager of FCM’s affiliated Fairholme Fund. In addition, Mr. Pitkowsky was also Vice President of Fairholme Funds, Inc., the parent company of the Fairholme Fund, from March 2008 through January 2009. Mr. Pitkowsky has more than 25 years of experience in securities research and portfolio management across a wide range of companies and industries. Profile Keith Trauner co-founded GoodHaven Capital Management, LLC and is the Co-Managing Partner and Co-Portfolio Manager along with Larry Pitkowsky. He is also the Chairman of the board of trustees of the GoodHaven Funds Trust, which oversees the GoodHaven Fund. Prior to forming GoodHaven, Mr. Trauner was affiliated with Fairholme Capital Management, and from 1999 through late 2008, he held a variety of roles at FCM, including Senior Analyst and Portfolio Manager, Chief Financial Officer and Chief Compliance Officer. In addition, for most of the period from 2002 through 2008, he was a director, the Secretary/Treasurer and a named portfolio manager of FCM’s affiliated mutual fund. Prior to FCM, he founded and managed an investment advisory subsidiary of a private bank for nearly a decade. Profile
Mr. Pitkowsky: Keith and I have been in the industry for 30-odd years, plus or minus. We started