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Bill Nygren Boosts European Equity To Over 40% of Portfolio
I think someone else opined today that Europe is "less worse" than the US or something like that. I'm invested in various Oakmark funds in my IRA. More power to him.
As an aside, I thought David Herro was International Expert, not Bill Nygren. Shouldn't article be on Herro?
After having developed celebrity phobia, I sold OAKLX and OAKMX and only trusted Herro. May he stay a non celebrity. I bought OAKWX because of Herro, not Nygren. In Washington, the feeling is Mutual. Pun intended.
I do not understand your response one bit. This has nothing to do with manager performance. This has to do with who gets credit for international portion of OAKWX. Clearly that's Herro. Decisions on WHICH international companies OAKWX is invested in are made by Herro. That's the entire marketing spiel behind OAKWX. Best of Nygren's domestic ideas + best of Herro's international ones. OAKWX was actually launched when Nygren had mutually washingtoned himself.
Now while this has - again - nothing to do with performance, let's not get carried away either way. I have (tried to) made (make) the point, WHEN you buy will always be more important than WHAT you buy. You are comparing ying and yang by comparing OAKLX and OAKWX.
Reply to @VintageFreak: Speaking of David Herro, If you to Google and type in " Beating The Market For 20 Years' you can read a Q&A with David from today's Barron's Regards, Ted
Reply to @VintageFreak: My response was to the general tone of your statement that you sold OAKLX and OAKMX and trusted only Herro, not Nygren, perhaps because of his Washington Mutual flop. You may be absolutely right in this respect. I was just trying to say that while I understand it, the long term performance does not necessarily support this attitude.
Comments
As an aside, I thought David Herro was International Expert, not Bill Nygren. Shouldn't article be on Herro?
I have not read the link but that is ridiculous.
I am not sure how predictive these numbers are, but nevertheless:
$10 invested in OAKLX (Nygreen) since inception (in 1996) became $78. During the same time, $10 invested in OAKIX (Herro) became $48.
Thus I would be very cautious expressing Mutual feelings with respect to these two real masters, since you may pick up a wrong Herro. Pun intended:)
Now while this has - again - nothing to do with performance, let's not get carried away either way. I have (tried to) made (make) the point, WHEN you buy will always be more important than WHAT you buy. You are comparing ying and yang by comparing OAKLX and OAKWX.
Regards,
Ted