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Podcast: Money Life with Chuck Jaffe
Episode: Oakmark's Nygren: Curb enthusiasm in a muted market, but don't forsake value
Description: Bill Nygren, co-manager of the Oakmark Fund, says investors should expect slower growth from the market for the next decade; as a result, he says "the long-term equity investor should probably be thinking about something on the order of 7or 8 percent a year rather than the double-digit level." There will still be buys, Nygrem says, but investors will need to go against the herd -- and be selective amongst names like the Magnificent Seven stocks -- in order to find them.  John Cole Scott, president of Closed-End Fund Advisors, digs into his firm's data to compare and contrast business de...