The “Art of Successful Investing” with Zulauf, Black, Herro & Priest (Part I)

Last month, Barron’s published stock picks of eight leading investors who participated in its AOSI conference.  Below are several of the longer-term trends identified by these industry leaders. Felix Zulauf, president of the hedge fund Zulauf Asset Management, sees a bear market. “We are in a recovery rally in the early stages of a cyclical […]

Herro's Take On Greece

Recently, David Herro of Harris Associates spoke to CNBC about his thoughts on the Greece instability, and how that affects European investments — and the top fund manager’s outlook may well surprise you.

Herro’s Take On Greece

Recently, David Herro of Harris Associates spoke to CNBC about his thoughts on the Greece instability, and how that affects European investments — and the top fund manager’s outlook may well surprise you.

Herro: There's Value In Europe

Top fund manager David Herro is finding a lot of value in the unloved European region, as well as in Japan. In a recent letter to his Oakmark International shareholders, Herro said he had about 80% of the portfolio in Europe and 11% in Japan. “How we are positioned is really a function of where we […]

Roundtable: Gross, Herro, Cohen And Others On What To Expect In 2015

A number of the world’s top investment strategists recently gathered for Barron’s annual roundtable to offer their thoughts on where the economy and markets are heading. David Herro, Abby Joseph Cohen, Bill Gross, and Marc Faber were among those who participated, and overall the mood was subdued. “On the whole, they expect interest rates to […]

Herro Talks China, Oil

Fund Manager Of The Decade David Herro says that, while they are causing short-term bumps, the decline in oil prices and reforms in China should help investors down the road.

Herro on 2014, and What Japan Needs To Do Now

Top fund manager David Herro says that, while stocks jumped far more than most expected they would in 2013, they still should have room to run going forward. “Despite the strong past performance of global equities, I believe there is still value in global equity markets,” Herro writes in his fourth-quarter letter to Oakmark shareholders. […]

Herro Keying on Developed Market Blue Chips

Top fund manager David Herro is continuing to find value in developed markets like America, and little opportunity in developing areas. Herro tells Bloomberg Surveillance that overall global stocks look good, especially given that we’re at a point in the economic cycle when earnings growth should be accelerating. “I think there is good value in […]

Herro: Don’t Bail on Europe

Are the latest troubles in Europe a reason to ditch European stocks? Top fund manager David Herro says no. In an interview with CNBC (via Yahoo Finance), Herro says that many investors who are ditching European stocks are making the mistake of not realizing that many European firms get a good deal of their business […]

Herro Focused on Europe, Not Emerging Markets

Top fund manager David Herro has been buying up stocks in an extremely unloved area of the market: European banks. “If you look at our portfolio, we’re most overweight Europe and within that, European financials,” Herro tells CNBC. “The European recovery has legs and this is the best way to play it.” Herro says Europe […]

Herro: Microeconomics the Key to Growth

While investors have been hyperfocused on macroeconomic factors in recent years, Oakmark’s David Herro says microeconomic reforms are crucial to the global economy and markets. In his second-quarter letter, Herro cites things like labor market reform and changes to social security systems as keys for stimulating growth. “Despite today’s current challenges, I am extremely optimistic […]

Herro: EMs Too Pricey

Top fund manager David Herro, who benefited from emerging market stocks in the 2000s, is now finding little opportunity among them. “It all has to do with price,” Herro tells Bloomberg. He says his fund went big into emerging markets in the late 1990s, but has pared back more and more as prices have gone up. […]

Herro Buying On Fear

Oakmark’s David Herro has been one of the most successful fund managers in the world over the past two decades by keying on unloved stocks, and he is continuing to focus his efforts on fear-filled areas of the market. “If there’s no fear, you’re not going to get a bargain, because then the company’s good […]

Herro Looks to Japan, Tech Stocks

Top fund manager David Herro is keen on Japanese stocks and technology shares as 2013 approaches. “The year has the potential of being a very good year for stocks,” Herro tells Bloomberg. “One really has to look at Japan. It’s been the global equity market that has underperformed.” Herro also says the underperformance of tech […]