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.
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The Quarterly Recap
September 30, 2021
I want to follow up on last quarter’s commentary about governance with a related topic that we get asked about: shareholders versus stakeholders. Is it really one against the other?
The overall hindrance to the performance of value funds in general, and with Oakmark specifically, is the return of the “pandemic trade.” However, as we have seen in the past, individual economic reopenings have...
As long-term investors, we don’t make investments with the expectation that our thesis will play out quickly. More important to our process is the price we’re paying compared to what we believe a...
Every company—large or small, public or private—is worth the present value of its future cash flows. Any company selling at a substantial discount to our estimate of that value is, in our minds, a...
Regardless of the investing landscape, our job as managers of the Global Fund is to invest in the most attractive opportunities wherever we find them. The location of a company might affect its short-term...
A U.S. communication services provider was a top contributor to the Fund’s quarterly performance, while a Chinese internet company was a top detractor.
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
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