In 1983, Joe Mansueto (founder of Morningstar) and Bill Nygren were hired as analysts within a week of each other at Harris Associates in Chicago. Their timing couldn't have been better. It was the dawn of a new era: The bull market had just begun and the great expansion of the mutual-fund industry was about to occur.
One year later, Mansueto left Harris to found Morningstar. Nygren stayed at Harris and helped create the Oakmark family of mutual funds. He manages the Oakmark Fund OAKMX and Oakmark Select OAKLX, and he was Morningstar's Domestic-Stock Manager of the Year for 2001. He gave a keynote presentation June 30 at the 2006 Morningstar Investment Conference. (A recording of his address is now available.)
Before the conference, we asked Mansueto and Nygren to sit down and discuss their history together and investing. The following conversation took place June 7 at Morningstar's offices in Chicago. It has been edited for clarity. A shorter, video version of the conversation is available for viewing in the left-hand margin of this page.
Read the complete interview
One year later, Mansueto left Harris to found Morningstar. Nygren stayed at Harris and helped create the Oakmark family of mutual funds. He manages the Oakmark Fund OAKMX and Oakmark Select OAKLX, and he was Morningstar's Domestic-Stock Manager of the Year for 2001. He gave a keynote presentation June 30 at the 2006 Morningstar Investment Conference. (A recording of his address is now available.)
Before the conference, we asked Mansueto and Nygren to sit down and discuss their history together and investing. The following conversation took place June 7 at Morningstar's offices in Chicago. It has been edited for clarity. A shorter, video version of the conversation is available for viewing in the left-hand margin of this page.
Read the complete interview
