When asked about the market and the current Cyprus issues, Bill Nygren returns the welcome answer: "At Oakmark we try and think about where things are going to be five years from now."
Nygren doubts that five years from now investors will even remember that there was a Cyprus issue.
Nygen thinks the more important thing today for investors is to be aware of is that the US stock market is not expensive relative to its historical valuation and it is not expensive relative to other asset classes.
Overall, he thinks the stock market is pretty cheap. His favorite sectors are technology, financials and industrials.
Nygren doubts that five years from now investors will even remember that there was a Cyprus issue.
Nygen thinks the more important thing today for investors is to be aware of is that the US stock market is not expensive relative to its historical valuation and it is not expensive relative to other asset classes.
Overall, he thinks the stock market is pretty cheap. His favorite sectors are technology, financials and industrials.
