Bill Nygren of Oakmark: Safety is overpriced

Bill Nygren of Oakmark recently shared his views on bank stocks, the overall market, risk etc. Bill Nygren had some interesting remarks about risk.

H/T The Reformed Broker

Safety is overpriced
At Oakmark, we aren’t seeing much value in what we would call safety stocks and very high-yield stocks—including electric and telephone utilities, and food and household product stocks. The more a stock looks like a bond to us, the more likely we think it is to be overvalued.