What defines a large cap stock? This seemingly straightforward question has taken on new complexity in today’s evolving market. As Bill Nygren pointed out in a recent presentation, “many large businesses are being classified as mid-cap stocks,” fundamentally altering the way investors approach stock selection. At Oakmark, the team has … Read More
Terry Smith Explains The “Busy Fool Syndrome”
In his book – Investing for Growth, Terry Smith argues that most fund managers prioritize matching their benchmark rather than outperforming it, leading them to become “index huggers” who underperform after fees. He supports Warren Buffett and John Bogle’s view that low-cost index funds are better for most investors. Smith … Read More