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Bill Nygren: Investing without a catalyst

In a recent interview, Bill Nygren from Oakmark reflects on his 40-year investment career, highlighting the significance of both financial metrics and management quality in selecting companies.

While he initially concentrated on purchasing undervalued companies with strong leadership, he later shifted to a strategy focused on identifying firms that provide a balance of growth and dividends, aiming for returns comparable to the broader market.

Unlike some value investors who rely on catalysts, Nygren prioritizes companies capable of generating self-sustained growth and returning capital to shareholders.

His investment philosophy emphasizes patience, a long-term perspective, and careful assessment of management’s capital allocation decisions, reinvestment strategies, and potential asset sales, as these factors often prove more important than simply buying at a low price.

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The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.

Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk

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