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MI301: Deep Value: Timeless Strategies, New Insights w/ Bill Nygren and Robert Bierig
Description
Kyle Grieve chats with Bill Nygren and Robert Bierig about the formation of Harris Associates, their value-based investing strategy, their unique way they have their analysts and portfolio managers come to a consensus on a stock, a deep dive on an exciting underpriced business they’ve recently added in IQVIA, a look at some undervalued industries, the importance of re-evaluating your stocks regularly when information changes, and a whole lot more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
13:19 - Why calculations of intrinsic value must be adjusted regularly to ensure a degree of accuracy.
02:44 - Why focusing on long-term returns helps align them with their partners.
02:44 - How a value-based approach has shaped their investing philosophy.
07:10 - The importance of per share growth when looking at growth metrics.
22:16 - A deep dive into one of their newest portfolio additions, IQVIA.
45:42 - Which industries Bill is seeing value in right now.
53:33 - How to look at growth stocks through a value perspective with examples of Adobe and Uber.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- Watch or listen to Bill Nygren’s investing appearances here.
- Read Robert Bierig’s interview with The Street on his investing philosophy here.
- Related episode: Listen to TIP430: From Facebook To Meta And Beyond w/ Bill Nygren or watch the video.
- Related episode: Listen to TIP254: Value Investing w/ Bill Nygren or watch the video.
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