David Herro — The Globe Trotter

David Herro

David Herro launched his $5.4 billion Oakmark International fund in September 1992 and since then has achieved strong performance in all market conditions. To maintain this record, David goes shopping for bargain stock wherever that may take him – anywhere in the world. "The best reason to invest overseas," he says, "is to have greater access to undervalued companies. Why limit yourself to just one stock market? When you buy anything from a car to a washing machine, rarely is just one retailer visited. The same should be true for your investments."

To minimize risk, David puts disciplined stock selection ahead of industry or country selection. "The best way to navigate is to know your course ahead of time. Know the risk factors of the markets, avoid fads or trends and never invest if there's a lack of proper investment or regulatory infrastructure."

David Herro, CFA, joined Harris Associates (Chicago) in 1992 as an experienced portfolio manager and is now a partner and CIO of international investments. Previously with the State of Wisconsin Investment Board, he has over 16 years of investment experience. David holds a B.Sc.(Business/Economics, ‘83) and an MA (Economics ‘85) from the University of Wisconsin, and is a member of the Financial Analysts Federation.

The fund we are investing in to gain access to Money Master David Herro is:

Oakmark International fund seeks long-term capital appreciation. The fund normally invests in at least five countries outside of the United States focusing on securities considered to be undervalued relative to their underlying economic value. The advisor assigns long-term value primarily on the basis of a company's ability to generate cash flow. Quality of management, market share, and degree of pricing power provide other parameters of value. It may not invest more than 35% of assets in securities of companies based in emerging markets.