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Navigating Bear Markets and Investment Strategies
This chapter explores the implications of the bear market on investment strategies, highlighting the importance of long-term business values amid short-term fluctuations. The discussion emphasizes the effects of rising interest rates on stock valuations, particularly within the Oakmark Select Fund, and how these factors create both challenges and opportunities in the market. Additionally, the chapter covers the evolution of financial companies and strategic investment positions, underscoring the significance of thorough evaluations in a volatile economic landscape.