In this episode, William Green chats with investing legend Bill Nygren, who oversees about $25 billion at Harris Associates. Bill is the firm’s Chief Investment Officer for US Equities & co-manages two flagship mutual funds: Oakmark Select & Oakmark Fund. Here, he discusses the processes, principles, habits & mindset that have enabled him to beat the market over three decades. What you'll learn here: 00:00:00 - Intro 00:02:15 - How Bill Nygren became a contrarian bargain hunter. 00:14:09 - Why sports gambling companies often refuse to take his bets. 00:39:38 - What three qualities he seeks in any company. 00:51:39 - How he scored big on Amazon, Google, Apple & Netflix. 01:00:50 - Why he never relaxes his disciplined focus on valuation. 01:05:50 - What he learned from hedge fund star Michael Steinhardt. 01:14:19 - How Bill’s team performs “Devil’s Advocate Reviews” for each stock. 01:23:33 - Why he developed his “Mistake Management Protocol.” 01:36:44 - How to succeed without ruining your health or your family. 01:39:05 - Why he discourages people from entering the investing business. 01:40:47 - What you must sacrifice to achieve greatness. 01:49:18 - How to succeed by aligning yourself with top-decile people. 01:57:28 - Why value investing isn’t dead. Transcript & Guest Info: https://www.theinvestorspodcast.com/richer-wiser-happier/winning-ways-w-bill-nygren/ Join our highly vetted community of value investors: https://www.theinvestorspodcast.com/mastermind/ 🤝 Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here: https://www.theinvestorspodcast.com/summit 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Investing Calmly Amid the Storm w/ Christopher Begg: https://youtu.be/Lyz3BhOYU6E - Principles For Success In Investing & Life w/ Ray Dalio: https://youtu.be/OVnVC6Ggv3g - Winners Keep Winning w/ Billionaire Terry Smith: https://youtu.be/CyTgOuuyLUQ 📖 Books Mentioned: - The Great Minds of Investing by William Green: https://amzn.to/4kbv38k - Richer, Wiser, Happier by William Green: https://amzn.to/4kkaJ4J Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/richer-wiser-happier/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #BillNygren #ValueInvesting #OakmarkFund #InvestmentStrategy #ContrarianInvestor