Where Oakmark's Nygren, FPA's Romick Are Finding Value

Where Oakmark’s Nygren, FPA’s Romick Are Finding Value by Jeremy Glaser, MorningStar Two of the fund world’s pre-eminent stock-pickers, Bill Nygren and Steve Romick, share their views on the market and valuations, and discuss notable recent investments they’ve made. The second day of the conference wrapped up with a broad-reaching discussion with Oakmark’s Bill Nygren and FPA’s Steve Romick, and moderated by Morningstar’s global head of manager research Jeff Ptak. Where Are Valuations and Values Today? Both managers are bottom-up investors, but when pressed for their market-level view neither see stocks as unreasonably expensive. Nygren says it is important to…