Harris Associates believes that the most significant investments firms are making today are value-creating intangible assets like intellectual property
The case for investing in U.S. large-cap stocks is encountering scepticism.
In 1983, the S&P 500® hit an all-time high of 166. Anyone who said then “I’m too smart to buy into the market near an all-time high – I’ll wait for it to fall 10%” – is still waiting. It never fell 10%.
Continuing to seek risk-adjusted excess returns.