Bill Nygren and David Herro Comment on Daiwa Securities

Apr 14, 2014

Daiwa Securities (TSE:8601, Financial), Japan’s second-largest broker, was the largest detractor for the quarter, falling 12%. Daiwa’s stock price was negatively impacted by general Japanese market weakness during the first quarter.

From Bill Nygren (Trades, Portfolio) and David Herro (Trades, Portfolio)'s Oakmark Global Select Fund first quarter 2014 commentary.

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