What's in the Latest Issue?
Quality on Sale
Oakmark Funds’ David Herro and Tony Coniaris describe how they marry quality and price in searching for ideas, the process changes they’ve made over the past year, how they try to navigate markets characterized by “amplified price volatility," and why they're seeing mispriced upside in Bayer, Siemens Healthineers, IMCD and LVMH Moët Hennessy.
Protecting the Downside
Christopher Niemczewski and Chad Goldberg of Marshfield Associates explain how their strategy and process is built to avoid costly mistakes, why they have almost never invested in information technology, how they use the firm's chief economist, and why they see unrecognized value in Progressive, UnitedHealth, NVR, Ross Stores and O’Reilly Automotive.
Uncovering Value: Emerging Markets
Ideas to capitalize on as emerging-markets equities seem to rouse from an extended slumber.
Uncovering Value: Teva
The company is well on the road to recovery, but how bright is the prognosis from here?
Editor's Letter
Taking time for a brief refresher course on the psychology of financial decision making.
Investment Highlights
Jyoti CNC, Lotes, Teva Pharmaceutical, Bayer, IMCD, LVMH Moët Hennessy, NVR, O’Reilly Automotive, Progressive, Ross Stores, Siemens Healthineers, UnitedHealth
Other Companies in this Issue:
Arch Capital, AutoZone, Cummins, Exor, Expeditors International, Goldman Sachs, KB Financial, Mercedes-Benz, Richemont, Symrise, TJX