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, [...]
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Tag Archives: David Herro
Herro’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 [...]
Read moreNygren, Herro Get Contrarian
June 29, 2011
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While the rest of the investment world seems to be shunning Japanese stocks and large-cap stocks, two top fund managers — Oakmark’s David Herro and Bill Nygren — say that’s where they are finding value. “We’re fully confident that our Japanese stocks will become a positive at some point for the fund — who knows [...]
Read moreWhy Herro Doesn’t Like EM Stocks
June 17, 2011
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David Herro, one of Morningstar’s Fund Managers of the Decade, says he expects emerging market economies to continue to thrive. But he’s not high on their stocks. “Money has flooded into these areas, thereby making stocks in emerging markets relatively less attractive than those of developed markets,” Herro said on Bloomberg Television. “The growth story [...]
Read moreHerro on Strategy, and Why He Likes Japan
May 31, 2011
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Top fund manager David Herro says discipline and longer-term thinking are keys to successful investing. “You have to be grounded, first of all,” Herro tells WealthTrack’s Consuelo Mack. “You have to have a very sound investment philosophy from which to operate from. And number two, and perhaps most importantly, is you have to apply discipline. [...]
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