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

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William C. Nygren, CFA

Partner, Portfolio Manager and Chief Investment Officer - U.S.

  • Portfolio Manager of the Oakmark Fund, the Oakmark Select Fund and the Oakmark U.S. Large Cap ETF
  • Vice President, Oakmark Funds
  • B.S., University of Minnesota, 1980
  • M.S., University of Wisconsin-Madison Applied Security Analysis Program, 1981
  • Director of Research of Harris Associates, 1990-98; Equity Analyst with Harris Associates 1983-90; Investment Analyst with Northwestern Mutual Life Insurance Co., 1981-83
  • Joined the industry in 1981
  • Joined Harris Associates in 1983

Bill's Commentary

News + Insights

Bill Nygren and Mike Nicolas

Insights

U.S. equities: The shrinking large cap universe

January 15, 2025

Portfolio Managers Bill Nygren and Mike Nicolas discuss what has contributed to the shrinking large cap universe, how it can impact portfolio construction and...

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Bill Nygren, CFA | Michael Nicolas, CFA
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Insights

Why the odds may favor value stocks

January 6, 2025

CIO-U.S. and PM Bill Nygren discusses the wide spread in valuations in today’s S&P 500 and the opportunity it may provide for the patient...

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Bill Nygren, CFA
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Insights

Who will be named NFL Coach of the Year, and what can they teach us about investing?

December 20, 2024

Top NFL coaches drive strong cultures, and the lessons apply to investment firms.

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Bill Nygren, 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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