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Q&A With Bill Nygren, Oakmark Funds: Banks A Safer Place To Invest Today: Video Presentation
Oh, good Lord (or whoever) have mercy! Here we go again, justifying investments in criminal banking enterprises, who continue to use accounting gimmickry (FASB rule 157) to hide a bunch of 2008 toxic debt they still hold, and who continue to be caught manipulating just about every market of any significance, after doing it for over a decade. Your investments in them support them in these endeavors; what kind of a world do you want?
Get out ALL the shovels 'cause it looks like, with Oakmark, we're gonna need 'em--- it's getting so deep. "Private equity perspective"---- oh, pulleeze!
@Ted Sorry, was that a little too harsh? It's just that I expected better from Oakmark, and find it all quite disappointing. And it doesn't help I'm having one of those "global disgusted" kind of days. It's a very pleasant afternoon outside; maybe I should go rake some leaves and get back in touch with my inner agape. [and spare everyone from me until a better me returns]
The problem with being critical with respect to OAKLX: $10 invested in this fund at inception now became $98, whereas the same $10 invested in S&P 500 during the same time became $39.
Comments
Get out ALL the shovels 'cause it looks like, with Oakmark, we're gonna need 'em--- it's getting so deep. "Private equity perspective"---- oh, pulleeze!
Regards,
Ted