MI301: Deep Value: Timeless Strategies, New Insights w/ Bill Nygren and Robert Bierig
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 24 October 2023
⏱️ 58 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.8 | I think there's a misperception out there that cheap means it's not growing rapidly. |
| 0:09.5 | And while that's often true, it's certainly not always the case. |
| 0:13.6 | And I would cite an example that's in our portfolio today, |
| 0:16.9 | First Citizens Financial, the bank that bought SBB from the FDIC, it has grown its book value |
| 0:25.1 | and earnings and sales so rapidly that in Morning Star's ranking system, it fits squarely |
| 0:32.3 | in with growth companies. Yet it sells at eight times earnings and at tangible book value. |
| 0:40.9 | In this episode, I chat with legendary value investor Bill Nygren and Robert Beirig about |
| 0:45.7 | the formation of Harris Associates, their value-based investing strategy, their unique way they |
| 0:50.6 | have, their analysts and portfolio managers come to a consensus on a stock, |
| 0:54.6 | a deep dive on an exciting underpriced business they've recently added in IQVIA, |
| 0:59.2 | a look at some undervalued industries they're researching, the importance of reevaluating |
| 1:03.5 | your stocks regularly when information changes, and a whole lot more. |
| 1:07.7 | I first learned about Bill Nigrin during his excellent interview with Michael J. Mobeson. I was very impressed with his value-based approach and some of the unique ways his fund was run. It was a truly eye-opening listen that provided me with a lot of interesting investing topics to think about. His wealth of knowledge and experience from 42 years in the field is very apparent when you hear him discuss investing. Robert Bearing is 24 years |
| 1:28.2 | of experience in the investment world. He's a portfolio manager for two of Oak Marks funds and did a |
| 1:33.0 | wonderful job of breaking down IQVIA to any investors looking for exposure to the data side of |
| 1:38.0 | health care. Any value investor who is in search of new ideas should give this episode to listen, |
| 1:42.7 | as they give their valuable opinions on where they are seeing the most value in today's markets. Now, without further delay, |
| 1:49.1 | let's get right into this week's episode with Bill Nygrin and Robert Beirig. |
| 1:53.4 | You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, |
| 1:59.1 | Robert Leonard, Patrick Donnellyy and Kyle Greve, interview successful |
| 2:02.8 | entrepreneurs, business leaders and investors to help educate and inspire the millennial generation. |
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