Value Investing Live: Bill Nygren Talks the Extreme Valuation Gap Between Growth and Value

GuruFocusCast

Bill Nygren, Vice President of the Oakmark Funds, manager of the Oakmark Select Fund. Chief Investment Officer for U.S. Equities at Harris Associates.

Bill Nygren has been a manager of the Oakmark Select Fund since 1996, Oakmark Fund since 2000 and the Oakmark Global Select Fund since 2006. He is also the chief investment officer for U.S. equities at Harris Associates, which he joined in 1983, and a vice president of the Oakmark Funds. He served as the firm's director of research from 1990 to 1998.

He holds an M.S. in finance from the University of Wisconsin's Applied Security Analysis Program (1981) and a B.S. in accounting from the University of Minnesota (1980).

The Oakmark Funds are a mutual fund family that utilizes a long-term value investment approach. Oakmark's investment philosophy centers on the belief that superior long-term results can be achieved through investing in companies priced at a significant discount to what Harris believes is a company's intrinsic value, with strong growth prospects and owner-oriented management teams. Oakmark's assets under management totaled approximately $49 billion as of June 30, 2020.

Harris Associates L.P., a Chicago-based investment management firm founded in 1976, serves as the adviser to the Oakmark Funds. Harris Associates also manages U.S., international and global portfolios for institutional and high-net-worth investors worldwide. Including Oakmark, assets under management at Harris Associates totaled approximately $86 billion as of June 30, 2020.

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Watch the full live stream: https://youtu.be/yibOomafgxU