While it seems that all of the investment world is fretting over Europe’s debt woes, top fund manager David Herro of Oakmark is seeing a big opportunity. “As we all watch the macro playing out in Europe and elsewhere around the world, we’re thinking that this is a great time to be a bottom-up international [...]
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Tag Archives: David Herro
Herro on the Bond/Stock See-Saw
April 13, 2012
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Oakmark’s David Herro, a Morningstar Fund Manager of the Decade, says that while investors have been loading into bonds in recent years, he’s beginning to see a shift back toward stocks. “At some point, and I think we’re already starting to see some investors budging, you will see movement out of bonds and into equities, [...]
Read moreHerro: Fear Has Blue Chips Undervalued
April 3, 2012
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Top fund manager David Herro of Oakmark says high levels of fear among investors have big, global blue-chip equities trading at very attractive values. Herro tells CNBC that he is high on several European firms, including Credit Suisse, and says numerous US blue chips with global operations also look attractive. Herro says investors need to [...]
Read moreAdvice from the Best — In 10 Words or Less
January 27, 2012
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Could you distill your investment philosophy into 10 words or less? In his latest post for The Wall Street Journal’s Total Return blog, Jason Zweig poses that question to some of the world’s most successful investors. Zweig says that when someone recently asked him the question, he “laughed and said, ‘Of course not!’ But right afterward, [...]
Read moreHerro’s Reasons for Optimism
January 12, 2012
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Oakmark’s David Herro says that despite a tough year for his funds (which still have very strong long-term track records), he remains “extremely confident about the medium- and long-term future.” Herro says in commentary on his firm’s web site that the biggest challenge in the market right now may be volatility, which is being driven [...]
Read moreTop Managers Look To Unloved Japanese Stocks
December 19, 2011
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While Japanese stocks have for years has yielded little for investors, some top value investors are keen on the country. In a column for SmartMoney, Brett Arends writes that Japan’s “stock market is cheap. Possibly very cheap — at a time when nearly everything else looks pricey. The Nikkei 225, Japan’s major stock market index, [...]
Read moreHerro: “Real” Economy Doing Well
October 12, 2011
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Oakmark’s David Herro — who last year was named one of Morningstar’s Fund Managers of the Decade — says that European debt fears and dire predictions about the global economy remain overblown. “Despite all of the market turmoil and lack of confidence, the ‘real’ global economy seems to be holding up quite well, due in [...]
Read moreHerro: This Isn’t 2008; Values Abound In Quality Stocks
September 21, 2011
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Morningstar Fund Manager of the Decade David Herro says the market is littered with cheap quality stocks right now, as investors erroneously compare the current financial situation to the crisis that hit in 2008. “I think the biggest worry … is people don’t want to get caught like they were in 2008 and perhaps ’09,” [...]
Read moreHerro Buying Amid “Fear and Rumor”
August 15, 2011
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Top fund manager David Herro says that fear and rumors have been driving stock prices — not fundamentals — and that has him buying. “We think there is great value in global equities today, and yes we have been buyers of good quality global stocks that have gotten clobbered by [non]-fundamental reasons,” Herro tells Bloomberg. [...]
Read moreHerro: Greece Won’t Drag the World Down
July 15, 2011
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While the market has been fretting over the debt situation in Greece, Morningstar Fund Manager of the Year David Herro says that, while Greece’s woes provide a cautionary tale, they won’t take down the global economy. “We do not believe Greece will stop, or even slow, the growth of global prosperity, which not only enhances [...]
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