Keith Trauner
Minority Partner at GoodHaven Capital at Goodhaven Capital Management, LLC
About
Keith Trauner is a co-founder and minority partner at GoodHaven Capital Management, LLC, based in Miami, FL. Formerly a co-managing partner and co-portfolio manager, he was instrumental in launching the firm in 2011 after serving as a portfolio manager at Fairholme Capital Management. GoodHaven is known for its value-investing approach, with Trauner historically focusing on U.S. equities, special situations, and opportunities in financial services, insurance, and consumer sectors, as well as broad-based diversified equity portfolios.
Throughout his career, Trauner has emphasized disciplined investment processes and a focus on business quality and margin of safety, drawing inspiration from renowned investors such as Warren Buffett and the Graham & Dodd school of value investing. His leadership contributed to the launch and growth of the GoodHaven Fund, which demonstrated strong long-term performance and resilience through varied market conditions.
Trauner's expertise integrates deep-dive fundamental analysis, risk management, and strategic capital allocation across public markets. His professional contributions and thought leadership are recognized within the investment community, particularly for building partnerships and pioneering a distinctive value-driven investment process at both Fairholme and GoodHaven.
Career History
| Organization | Role | Date Range | Details | 
|---|---|---|---|
| GoodHaven Capital Management, LLC | Minority Partner at GoodHaven Capital | Dec 2019 to Present | — | 
| GoodHaven Capital Management, LLC | Managing Partner | Jan 2011 to Dec 2019 | GoodHaven Capital Management is an investment advisory firm managing separate accounts and a no-load mutual fund (offered only by prospectus).  First accounts managed in March 2011.  We have offices i... | 
| Self-employed | Private Investor | Dec 2019 to Present | — | 
| Fairholme Capital Management LLC | Various | Feb 1999 to Oct 2008 | Various key positions over nearly a decade, including Analyst, Portfolio Manager, Chief Financial Officer, Chief Compliance Officer, as well as Portfolio Manager, Secretary/Treasurer and a Director of... | 
Education
Middlebury College
B.A. History, Additional course concentration in Economics