By
Borsgade
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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