Insights
President’s Letter
In her annual letter, President of the Oakmark Funds Rana Wright shares an update on the Funds, including investment team transitions and milestones.
Rana Wright
President, Oakmark Funds
November 24, 2023
The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.
Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.
Customized Wealth Management Services for Individuals, Families & Advisors
Since 1976, Harris Associates has provided tailored investment solutions for wealthy individuals and families.
We are long-term value investors. We apply a consistent investment philosophy and a fundamentally driven research process to build and manage our Funds. We seek to identify companies that are priced at a substantial discount to what we consider to be their underlying business value – and then we patiently wait for the gap between price and value to narrow.
Our PhilosophyInsights
In her annual letter, President of the Oakmark Funds Rana Wright shares an update on the Funds, including investment team transitions and milestones.
Rana Wright
President, Oakmark Funds
November 24, 2023
Our Commentary
Commentary
The optimists who buy exciting businesses regardless of price have been on quite a run, resulting in today’s unusually wide spread of P/E ratios....
Commentary
Because we focus on bottom-up stock selection, geographic exposures are simply a result of our process. However, if we had to identify a region...
Commentary
Today’s fixed income environment is marked by uncertainty, rising rates and concerns over short-term market variables. Although these challenges exist, there are unique opportunities...
Commentary
Amid the current market backdrop, we are finding cheap stocks on traditional value metrics that we expect to drive attractive risk-adjusted returns over the...
Commentary
During the third quarter, we initiated a new position in a leading provider of clinical trials and related health care technology.
Commentary
A U.S. telecommunications and mass media company was a top contributor for the quarter, while the largest wealth manager in the U.K. was a...
Commentary
A U.S. telecommunications and mass media company was the top contributor for the quarter, while an Italian designer, manufacturer and distributor of agricultural and...
Commentary
A German health care group was a top contributor for the quarter, while a French creator and operator of digital transaction processing platforms was...
Commentary
A global media group based in Norway was the top contributor for the quarter, while the largest wealth manager in the U.K. was a...
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