Bill Nygren: The State of Value Investing Today

<p>Our guest this week is Bill Nygren. Bill was one of our earliest guests on <i>The Long View</i>, appearing for the first time back in August 2019. Bill is a partner at Harris Associates, which he joined in 1983. There he serves as the firm’s chief investment officer for U.S. Equities and is also the longtime manager of several Oakmark funds, including the Oakmark Fund, the Oakmark Select Fund, as well as the Oakmark Global Select Fund. Bill received his bachelor’s in accounting from the University of Minnesota and his master’s in finance from the University of Wisconsin’s Applied Security Analysis Program. He is also a CFA charterholder.</p><p>Background</p><p><a href="https://oakmark.com/who-we-are/our-team/bill-nygren/">Bio</a></p><p>“<a href="https://the-long-view.simplecast.com/episodes/bill-nygren">Bill Nygren: ‘A Stock That Doesn’t Look Cheap on the Surface Might Be One of the Cheapest</a>,’” <i>The Long View</i> podcast, <a href="http://morningstar.com/" target="_blank">Morningstar.com</a>, Aug. 7, 2019.</p><p><strong>Recent Commentaries</strong></p><p>“<a href="https://oakmark.com/news-insights/oakmark-fund-second-calendar-quarter-2023/">Oakmark Fund: Second Calendar Quarter 2023</a>,” by Bill Nygren, <a href="http://oakmark.com/" target="_blank">oakmark.com</a>, June 30, 2023.</p><p>“<a href="https://oakmark.com/news-insights/oakmark-select-fund-second-calendar-quarter-2023/">Oakmark Select Fund: Second Calendar Quarter 2023</a>,” by Bill Nygren, <a href="http://oakmark.com/" target="_blank">oakmark.com</a>, June 30, 2023.</p><p>“<a href="https://oakmark.com/news-insights/oakmark-global-fund-second-calendar-quarter-2023/">Oakmark Global Fund: Second Calendar Quarter 2023</a>,” by Bill Nygren, <a href="http://oakmark.com/" target="_blank">oakmark.com</a>, June 30, 2023.</p><p>“<a href="https://oakmark.com/news-insights/oakmark-global-select-fund-second-calendar-quarter-2023/">Oakmark Global Select Fund: Second Calendar Quarter 2023</a>,” by Bill Nygren, <a href="http://oakmark.com/" target="_blank">oak