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

Michael Pietras portrait

Michael J. Pietras

Deputy Chief Compliance Officer & Compliance Manager

  • B.S., DePaul University, 1995
  • Compliance Manager at Driehaus Capital Management, 2004-05 and 2000-02; Director of Compliance at PMA Financial Network, 2002-04; Senior Compliance Examiner at FINRA and its predecessor NASD Regulation, Inc., 1998-2000; Senior Investigator at the Chicago Board of Trade, 1995-98; Senior Market Analyst at Chicago Board Options Exchange, 1989-93
  • 36 years business experience
  • Joined Harris Associates in 2005
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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.

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