Value investing redefined

The Oakmark family of mutual funds is an extension of Harris Associates’ value-focused approach to investing. For more about our selection of funds, visit Oakmark.com.

The Oakmark Funds

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
1-800-OAKMARK (625-6275)

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There is a real disconnect between news flow on public companies and the value of the underlying businesses. The overwhelming majority of discussion is based on what may happen over the next year or so to create volatility in earnings, despite over 90% of intrinsic value depending on what happens after that. This provides opportunities for long-term, value-minded investors like us.

-Tony Coniaris, CFA, Partner, Co-Chairman

David Herro portrait

David G. Herro, CFA

Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer-International Equities

  • Portfolio Manager of the Oakmark International Fund, Oakmark International Small Cap Fund, Oakmark Global Fund and Oakmark Global Select Fund
  • Portfolio Manager of the International, International Small Cap, Global, Global All Cap, Global Concentrated and Japan Strategies
  • Vice President, Oakmark Funds
  • B.S., University of Wisconsin-Platteville, 1983
  • M.A., University of Wisconsin-Milwaukee, 1985
  • Portfolio Manager with The State of Wisconsin Investment Board, 1989-92; and The Principal Financial Group, 1986-89
  • Joined the industry in 1985
  • Joined Harris Associates in 1992

David's Commentary

News + Insights

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News

David Herro on CNBC’s “Squawk on the Street” (01.15.25)

January 15, 2025

CIO-International Equities and Portfolio Manager David Herro talked about why the growth rates of European companies are not based on where they’re located but...

David Herro portrait
David Herro, CFA
David Herro portrait

Insights

International equities: How companies are closing the value gap

January 13, 2025

CIO-International Equities and Portfolio Manager David Herro discusses how current stock valuations are remarkably low, what actions companies are taking to address the value...

David Herro portrait
David Herro, CFA
David Herro on CNBC image

News

David Herro on CNBC’s “Squawk on the Street” (09.20.24)

September 20, 2024

CIO-International Equities and PM David Herro joined CNBC’s “Squawk on the Street” to talk about opportunities in the health care and consumer discretionary sectors....

David Herro portrait
David Herro, CFA
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We do value investing differently

At Harris Associates, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates during the next election cycle. As long-term investors, we don’t think it matters.

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