The JRo Show cover image

Estimating mid-cycle, normalized earnings with Alex Fitch and Michael Nicolas from Harris Associates (Oakmark Funds)

The JRo Show

CHAPTER

Estimating Mid-Cycle Earnings for Value Investing

This chapter explores the investment approach of Harris Oakmark, focusing on value investing as the core strategy. It emphasizes the importance of valuing companies based on mid-cycle or normalized earnings power to seek investments with the largest discounts. Insights are provided on estimating mid-cycle, normalized earnings for various businesses like Schwab and CBRE to identify potential opportunities and true economic earnings power.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner