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)

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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

Robert F. Bierig

Partner, Portfolio Manager and U.S. Investment Analyst

Portfolio Manager of the Oakmark Fund and Oakmark Select Fund
Portfolio Manager of the U.S. Equity and U.S. Concentrated Strategies
Vice President, Oakmark Funds
B.A., Duke University, 2000
Managing Principal at Amethyst Capital Management, 2011; Managing Director at GEICO Investments, 2007-10; Investor at Frist Capital, 2005-07; Investment Analyst at ESL Investments, 2002-05; Investment Banking Analyst at Morgan Stanley, 2000-02
24 years investment experience
Joined Harris Associates in 2012

News + Insights

News

Bill Nygren and Robert Bierig on the “Millennial Investing” Podcast (10.24.23)

October 24, 2023

Portfolio Managers Bill Nygren and Robert Bierig talk about the firm’s investment philosophy and process and how that has led to value opportunities, especially...

Bill Nygren | Robert Bierig

Insights

Staying the Course: Value Investing in an Evolving World

June 30, 2023

Portfolio Managers Alex Fitch and Robert Bierig share why the market’s desire for low risk stocks has created an exploitable opportunity for mispriced companies.

Alex Fitch | Robert Bierig

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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