MI301: Deep Value: Timeless Strategies, New Insights w/ Bill Nygren and Robert Bierig

<p>Kyle Grieve chats with Bill Nygren and Robert Bierig about the formation of Harris Associates, their value-based investing strategy, their unique way they have their analysts and portfolio managers come to a consensus on a stock, a deep dive on an exciting underpriced business they’ve recently added in IQVIA, a look at some undervalued industries, the importance of re-evaluating your stocks regularly when information changes, and a whole lot more!</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>13:19 - Why calculations of intrinsic value must be adjusted regularly to ensure a degree of accuracy.</p><p>02:44 - Why focusing on long-term returns helps align them with their partners.</p><p>02:44 - How a value-based approach has shaped their investing philosophy.</p><p>07:10 - The importance of per share growth when looking at growth metrics.</p><p>22:16 - A deep dive into one of their newest portfolio additions, IQVIA.</p><p>45:42 - Which industries Bill is seeing value in right now.</p><p>53:33 - How to look at growth stocks through a value perspective with examples of Adobe and Uber.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Watch or listen to Bill Nygren’s <a href="https://harrisassoc.com/who-we-are/our-team/bill-nygren/" rel="noopener noreferrer" target="_blank"><strong>investing appearances here</strong></a>.</li><li>Read Robert Bierig’s interview with The Street on his <a href="https://www.thestreet.com/investing/oakmark-fund-manager-oracle-value-stocks" rel="noopener noreferrer" target="_blank"><strong>investing philosophy here</strong></a>.</li><li>Related episode: Listen to&nbsp;<a href="https://link.chtbl.com/WSB430" rel="noopener noreferrer" target="_blank"><strong>TIP430: From Facebook To Meta And Beyond w/ Bill Nygren</strong></a>&nbsp;or watch the&nbsp;<a href="https://www.theinvestors