Billy will do no better than the S & P. Oakmark Sel is going up now because most stocks are going up! It's not because Billy knows what he is doing. All he wants to do is continue his mantra of " I only buy value", stick with me another ten years and you will be rewarded. Sounds like a politics to me, and the only thing important is keeping your job.
You're right. How can anyone erase a fiasco like what he had with WaMu? Be thankful that it has come back as far as it has. I'd sell it...AND RUN! As far away from Harris and its associates as I could.