

Interview with Bill Nygren
69 snips Sep 28, 2023
Bill Nygren, Chief Investment Officer at Harris Associates, discusses his career, the research process at Harris, stock pitching process, qualities of a good portfolio manager, his personal life, and lessons from his career.
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Bill Nygren's Career Path
- Bill Nygren has been at Harris Associates for 40 years, starting as a generalist analyst.
- He became director of research, launched Oakmark Select, and manages Oakmark and Oakmark Global Select.
Develop Qualitative Skills
- Value investing requires patience and conviction, especially when facing unpopularity.
- Develop qualitative skills like judging management, which improves with experience, not just quantitative ones.
Judging Management Takes Experience
- Nygren's boss advised him against judging management early on, saying experience is key.
- He emphasized the importance of seeing many management teams before forming opinions.