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