This Money Manager Won’t Apologize for Investing in Europe. It’s Full of Bargains.


David Herro is getting pushback from clients about investing in Europe. That isn’t surprising, given a looming energy crisis triggered by the war in Ukraine, plus fiscal strains in Italy and financial trouble in the United Kingdom. Their reluctance makes this longtime value investor only more positive on the region.

Herro oversees $26 billion as chief investment officer for international equities at Harris Associates. He is known for digging for quality stocks in sectors and countries that others shun. His diligence has helped the $17 billion

Oakmark International

fund (ticker: OAKIX), which he co-manages, beat 98% of its peers over the past 15 years, with an average annual return of 2.2%.

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