There's no denying that Bruce Berkowitz is an amazing investor, with plenty of investors learning a lot from following his portfolio and investing style. But with the recent reopening of his Fairholme Fund, some investors may be wordering what the man is up to these days. With a battle against the government over preferred dividends from both Fannie Mae (FNMA 2.13%) and Freddie Mac (FMCC 0.67%), some may even begin to think that Berkowitz has gone out on a limb with his most recent investments. But in considering the tale of 2011, with both AIG (AIG -0.10%) and Bank of America (BAC -0.26%) fresh on her mind, Motley Fool contributor Jessica Alling thinks there is plenty for investors to learn from Berkowitz's most confident assertion yet. Check out her thoughts in the following video.