Seeking Alphaยท2025-11-05 11:52Core Viewpoint - Harris Associates L.P. emphasizes a consistent investment philosophy focused on value investing, aiming for long-term capital appreciation through fundamental research and client service [1] Company Philosophy - The company was founded in 1976 by investment professionals committed to delivering successful investment results [1] - It believes that the price of a stock will eventually reflect the underlying value of the company [1] - The investment process is framed as owning a piece of a business for the long term [1] Investment Strategy - Harris Associates seeks companies trading at significant discounts to their underlying value, with substantial profit potential [1] - The management of these companies is expected to think and act like owners [1] Research Process - The research process is characterized by a disciplined quantitative and qualitative screening approach [1] - Analysts are independent thinkers who do not rely on Wall Street for insights [1] - The team consists of generalists who evaluate companies based on fundamental characteristics [1]