Bill Nygren: Why Oil Won't Stay at $30

Oakmark portfolio manager on why traditional value investing is back

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Jan 12, 2016
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Bill Nygren (Trades, Portfolio) of Oakmark Funds did a interview with CNBC on Tuesday where he discussed how traditional value investing is back. He spoke about selling out of Amazon (AMZN, Financial) and investing in Ally Financial (ALLY, Financial). He discussed why he owns a growth stock like Google (GOOGL, Financial). Nygren also talked about energy stocks and oil prices, saying he doesn't believe that oil will stay at $30.