Bill Ngyren is a respected value investor who manages in excess of $10 billion in the Oakmark Fund. In this interview he discusses the attractiveness of financials and stocks that are buying back stock at discounts to intrinsic value. Some of the stocks that they own are JPM, COF, WFC, AAPL, KSS, NOC, and DTV. Ngyren looks for undervalued companies where management’s interests are aligned with those of shareholders. He thinks that bonds are overpriced in relation to stocks, and he is negative towards stocks that act like bonds such as utilities.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.