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

Michael A. Nicolas, CFA

Partner, Portfolio Manager and U.S. Investment Analyst

Portfolio Manager of the Oakmark Fund and Oakmark Equity and Income Fund
Portfolio Manager of the U.S. Equity Strategy
Vice President, Oakmark Funds
B.A., University of Wisconsin-Madison, 2002
Managing Director at Lakeview Investment Group, 2005-13; Senior Analyst at Stratford Advisory Group, 2002-05
19 years investment experience
Joined Harris Associates in 2013

News + Insights

News

Mike Nicolas on CNBC’s “Squawk on the Street” (10.03.22)

October 3, 2022

Portfolio Manager Mike Nicolas appeared on CNBC’s “Squawk on the Street” to talk about current portfolio positioning.

Michael A. Nicolas, CFA

News

Mike Nicolas on CNBC’s “Squawk on the Street” (06.08.22)

June 8, 2022

Portfolio Manager Mike Nicolas spoke about the firm's broader definition of value and long investment horizon, which has uncovered opportunities in many market environments...

Michael A. Nicolas, CFA

News

Bill Nygren and Mike Nicolas on “Millennial Investing” Podcast

February 1, 2022

Portfolio Managers Bill Nygren and Mike Nicolas appeared on the “Millennial Investing” podcast to talk about the firm’s investment philosophy and how that lead...

Bill Nygren | Michael A. Nicolas, 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 for 2020. As long-term investors, we don’t think it matters.

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