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
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
17 years investment experience
Joined Harris Associates in 2013

News + Insights

News

Mike Nicolas Interview with “The Wall Street Transcript”

December 21, 2020

Portfolio Manager Mike Nicolas discussed the firm’s investment philosophy and process as well as holdings in the Oakmark Fund during an interview with “The...

Michael A. Nicolas, CFA

News

Bill Nygren and Michael Nicolas on “The Investor’s Podcast”

April 17, 2020

Portfolio Managers Bill Nygren and Michael Nicolas appeared on “The Investor’s Podcast” to talk about how to determine the intrinsic value of a business,...

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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