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Oakmark Select I Message Board

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  • kbjb Feb 17, 2010 6:07 PM Flag

    Morningstar Says AVOID OAKLX

    Vensh, I appreciate your thoughtful response to my rant. Sometimes I get carried away. Still have a modest number of shares of Oaklx, no big deal, and to be truthful I sincerely hope that Nygren makes all the right moves in the future. I doubt that I could have done better (well maybe) than he did in the past ten yrs. Just resent the high fees, I guess. Pro's should not make some of the mistakes that were made. Heck, I can make mistakes like WaMu but I'm not a professional and being paid big bucks. My beef is that professional fund managers are not much better than amateur's, but they get paid millions no matter how good or poorly they perform. I have done as well or better investing in individual stocks, with no expensive fees involved and I am sure that you have done the same.

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