Every successful fund manager has developed a set of strategies which helps them identify wise investments, and Oakmark Portfolio Manager William Nygren of Harris Associates is no different. At the 2019 Ben Graham Conference, Nygren explained one key factor he uses to identify value stocks. His strategy has certainly worked for him, given that Oakmark has nearly doubled the S&P 500’s return over the last 25 years. He also said every Oakmark has outperformed versus its benchmark since inception in 1991. Q2 hedge fund letters, conference, scoops etc Identifying value In his presentation, Nygren said value is a function of…
Bill Nygren: Book Value No Longer Useful Valuation Metric
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.