Bill Nygren of Oakmark recently shared his views on bank stocks, the overall market, risk etc. Bill Nygren had some interesting remarks about risk.
The following is our rough coverage of the 2021 Sohn Investment Conference, which is being held virtually and features Brad Gerstner, Bill Gurley, Octahedron's Ram Parameswaran, Glenernie's Andrew Nunneley, and Lux's Josh Wolfe. Q1 2021 hedge fund letters, conferences and more Keep checking back as we will be updating this post as the conference goes Read More
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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