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)

Go to Oakmark.com Close

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

Michael L. Manelli, CFA

Partner, Portfolio Manager and Sr. International Investment Analyst

Portfolio Manager of the Oakmark International Fund and the Oakmark International Small Cap Fund
Portfolio Manager of the International and International Small Cap Strategies
Vice President, Oakmark Funds
B.B.A., University of Iowa, 2000
Research Associate/Analyst at Morgan Stanley, 2001-05
Joined the industry in 2000
Joined Harris Associates in 2005

News + Insights

Insights

International Equities: Exploring catalysts in international stocks

July 16, 2024

David Herro and Michael Manelli discuss potential catalysts for international stocks in the coming months and opportunities in the small cap value space.

David Herro, CFA | Michael Manelli, CFA

View All News + Insights

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.

Understand Our Story