Bill Nygren - A Modern Approach to Value Investing скачать в хорошем качестве

Bill Nygren - A Modern Approach to Value Investing

On this episode of AUM, we are joined by Bill Nygren, a renowned portfolio manager at Harris | Oakmark. Bill details Harris | Oakmark's rigorous investment process, including the pivotal Tuesday meetings, devil's advocate reviews, and the importance of intellectual tension. Bill also dives into some notable investments including General Motors and Delta Air Lines, the significance of management alignment, and the lessons learned from major investment mistakes like under-investing in Apple. Timestamps: 00:00 Introduction to the Show and Guest 01:31 Bill Nygren's Early Passion for Investing 03:58 College and Early Career Experiences 07:56 Joining Harris Associates 16:26 The Harris | Oakmark Investment Process 18:58 Tuesday Meetings and Analyst Expectations 28:23 Mistake Management Protocol 32:18 Intellectual Honesty at Harris | Oakmark 33:07 The Organized Chaos of Harris | Oakmark 34:18 The Intensity of Portfolio Discussions 35:39 Macro View and Portfolio Decisions 38:13 Industries and Investment Criteria 41:21 Case Studies: Delta and General Motors 48:40 Understanding Management Teams 54:42 Biggest Investing Mistakes and Lessons Learned 58:18 Advice for Aspiring Investors Find out more about the funds Bill manages here: oakmark.com