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 [...]
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Tag Archives: David Herro
Why 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. [...]
Read moreHerro, de Vaulx Still Like Japan
March 14, 2011
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A pair of top fund managers say the deadly earthquake in Japan isn’t shaking their bullishness on Japanese stocks. “Our view on Japan is still the same,” David Herro, one of Morningstar’s fund managers of the decade, told Bloomberg. “When you look at the valuation of Japanese companies, if you look at what’s happening with [...]
Read moreHerro’s Contrarian Take
March 8, 2011
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Fund manager David Herro, who has produced an excellent track record over the past decade or so, says he actually welcomes the recent geo-political turmoil from an investment point of view. “Commodity prices, political instability, monetary problems are certainly out there — they always have been out there, and in fact, they always will be [...]
Read moreLook to Japan, Say Two Top Value Managers
February 4, 2011
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Japan continues to deal with economic problems and a stagnant stock market, but top-performing fund manager David Herro says it’s time to buy Japanese equities. “People hate Japan,” Herro told Bloomberg. But he says the negativity has driven prices down to very attractive levels. “At these prices,” he says, “Japanese stocks are a steal.” Bloomberg [...]
Read moreHerro: “Outstanding Opportunities” Exist
January 14, 2011
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In his latest shareholder letter, Morningstar’s International-Stock Fund Manager of the Decade David Herro says that he remains “convinced there are still outstanding opportunities for long-term investors”. “Not only have equities returned less than their long-term averages over the past 21 years, we view their valuations as quite compelling,” Oakmark’s Herro writes. “As of November [...]
Read moreHerro: There’s Value in Japan
December 3, 2010
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Oakmark’s David Herro says he’s finding opportunities in an area many investors are shunning: Japan. While Japan has been dogged by weak economic growth, a languishing stock market, and long-term deflation, Herro tells Morningstar that “the pessimistic macro story obscures value opportunities in Japan at the company level. Quite simply, despite the weakening in the [...]
Read moreHerro, Rogers Offer Picks
November 9, 2010
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As part of a recent charity event, top strategists John Rogers and David Herro talked about where they are currently finding value in the market. Rogers, who heads Ariel Investments, “focused on long-term value investing in ‘out of favor’ media stocks” at the Chicago event, Crain’s Chicago Business reported. Rogers recommended that attendees take a [...]
Read moreThe Macro Debate
October 18, 2010
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Macroeconomic factors have been a driving force behind stock market moves in the past couple years. But how much should the recent increase in the impact of macro factors on the market affect stock investors’ strategies? Some of the world’s top managers are expressing different opinions, according to a Bloomberg article. Chuck Akre, for example, [...]
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