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John Waggoner: Take 5: Oakmark's Bill Nygren Sees Value In Bank Stocks

TedTed
in Fund Discussions
FYI: (Click On Article At Top Of Google Search)
A candid chat with Bill Nygren, who has been manager of the Oakmark Select Fund (OAKLX) since 1996. The fund ranks in the seventh percentile of large-company value funds the past 15 years. Mr. Nygren discusses finding value in today's market, what stocks to avoid, and whether the Chicago Cubs will go to the World Series.
Regards,
Ted
https://www.google.com/#q=Oakmark's+Bill+Nygren+sees+value+in+bank+stocks

Comments

  • Sven
    Still recalled he invested in Washington Mutual and did not ended well. morningstar.com/advisor/t/42990829/wamu-s-toll-on-oakmark.htm
    Let's hope it is different this time around.
  • catch22catch22
    :) Might be more value to come from some financial sector holdings.....
  • Old_JoeOld_Joe
    edited July 2016
    I'm with Catch- as Bob C. has opined, Brexit may not be a factor in the long-term. But there is a very real chance that the world-wide banking system is in for an extended nasty patch of uncertainty until the European politics settle down. With interest rates where they are there is almost no way that the international European banks can prosper, and there are way too many large financial swans flying around over there. Not only Greece and Italy, but even some large German and Swiss banks are finding themselves against the wall. Additionally, I won't be surprised if England and the EU drag out the resolution issues for a couple of years, leaving the future of London as a banking and financial center a major unknown.

    Before this settles out we may be very glad that the US banks have been forced to increase their capitalization, despite their kicking and screaming every inch of the way. While the US is in better shape than Europe, the interconnectedness of world finance could very well make things more difficult over here also. Now the Fed not only has to worry about the US directly, but also what ricochet effects the US system might have elsewhere, which in turn would come back to affect the US. Things are far from promising in the banking sector, worldwide.
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