"We purchased shares of T. Rowe Price Group, the investment management company. As a significant player in our business, we have long admired T. Rowe ... Key to the franchise is the company's investment culture, which has sustainably generated commendable investment performance ... We also like that management has demonstrated good stewardship of capital through opportunistic share repurchases ..."
(Couldn't get copy/paste to work. Did my best to transcribe above accurately)
From: Oakmark Funds/ Equity and Income Fund
Semi-Annual Report, March 31, 2015
http://www.oakmark.com/Oakmark-files/semi-annual-reports/SemiAnnualReport_AllFunds.pdf
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