Every portfolio manager at Harris follows the same investment process under all market conditions, believing that strict adherence to the firm's three value tenets can reduce risk and increase returns over time.
The philosophy
A high-conviction, value approach to US equities underpinned by three core investment beliefs that it believes can reduce risk and increase returns over time, irrespective of the prevailing market conditions.
Price
Buy businesses at a significant discount to their estimate of intrinsic value
Growth
Invest in companies expected to grow per-share value over time
Management
Invest with management teams that think and act as owners
Reasons to consider
An unwavering focus on value investing drives every decision at Harris Associates.”
– Anthony P. Coniaris, CFA, Partner, Chairman and Portfolio Manager, Harris Associates
The analyses and opinions mentioned above represent the author's point of view. They are issued as of this document and are subject to change. They cannot be interpreted as having any contractual value.
Risks to consider
All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. There could be other differences across similar products in the same strategy. Investors should fully understand the risks and other relevant details associated with any investment prior to investing.
The team
Anthony Coniaris, CFA
Partner, Chairman, Portfolio Manager and U.S. Investment Analyst
Harris | Oakmark
Michael A. Nicolas, CFA
Partner, Portfolio Manager, Investment Analyst
Harris | Oakmark
Robert F. Bierig
Partner, Portfolio Manager and U.S. Investment Analyst
Harris | Oakmark
The firm
Following a consistent, high conviction approach since it was founded in 1976, Harris has earned a reputation as a leader in value investing.
Harris actively manages US, international and global equity strategies, as well as US fixed income strategies for investors worldwide. As patient investors who believe that the intrinsic value of an underlying business will be recognized by the market over time, they are dedicated to delivering long-term investment performance for all clients.
Chicago
USA
330+
Employees
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