Value investing redefined

The Oakmark family of mutual funds is an extension of Harris Associates’ value-focused approach to investing. For more about our selection of funds, visit Oakmark.com.

The Oakmark Funds

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
1-800-OAKMARK (625-6275)

Go to Oakmark.com Close

There is a real disconnect between news flow on public companies and the value of the underlying businesses. The overwhelming majority of discussion is based on what may happen over the next year or so to create volatility in earnings, despite over 90% of intrinsic value depending on what happens after that. This provides opportunities for long-term, value-minded investors like us.

-Tony Coniaris, CFA, Partner, Co-Chairman

David Herro portrait

David G. Herro, CFA

Partner, Deputy Chairman, Portfolio Manager and Co-Chief Investment Officer-International Equities

  • Portfolio Manager of the Oakmark International Fund, Oakmark International Small Cap Fund, Oakmark Global Fund, Oakmark Global Select Fund, Oakmark International Large Cap ETF and Oakmark Global Large Cap ETF
  • Portfolio Manager of the International, International Small Cap, Global, Global All Cap, Global Concentrated and Japan Strategies
  • Vice President, Oakmark Funds
  • B.S., University of Wisconsin-Platteville, 1983
  • M.A., University of Wisconsin-Milwaukee, 1985
  • Portfolio Manager with The State of Wisconsin Investment Board, 1989-92; and The Principal Financial Group, 1986-89
  • Joined the industry in 1986
  • Joined Harris | Oakmark in 1992

David's Commentary

News + Insights

Trading desk with man working at his computer

News

Quality on sale

February 28, 2026

Co-CIOs-International David Herro and Tony Coniaris discuss how they’re uncovering high‑quality global businesses trading at compelling valuations.

David Herro portraitTony Coniaris portrait
David Herro, CFA | Tony Coniaris, CFA
David Herro on CNBC image

News

David Herro on CNBC’s “Fast Money” (01.27.26)

January 27, 2026

David Herro, Co-CIO International Equities and Portfolio Manager joined CNBC "Fast Money" to talk about international investing opportunities.

David Herro portrait
David Herro, CFA
David Herro Portfolio Manager on Bloomberg image

News

David Herro on Bloomberg TV (10.21.25)

October 21, 2025

Co-CIO-International Equities and Portfolio Manager David Herro joined Bloomberg Open Interest to discuss value investing, market mania, investing fundamentals and more.

David Herro portrait
David Herro, CFA
View All News + Insights

We do value investing differently

At Harris Associates, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates during the next election cycle. As long-term investors, we don’t think it matters.

Understand Our Story
Call to action arrow facing right