Nygren: Stocks Best Place for Long-Term

Top fund manager Bill Nygren of Oakmark says he thinks stocks are “easily the best alternative out there for long-term money”. Nygren tells CNBC that with stocks yielding more than bonds, P/E ratios below historical averages, and balance sheets as good as ever, “I think all the signs are positive” for stocks. He also talks about some of his biggest holdings, including Bank of America and Dell.

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