In today’s episode, Trey Lockerbie welcomes back Bill Nygren and Mike Nicolas from Oakmark Funds, which currently manages over $60B in assets. When Bill and Mike were on the show last time back in April of 2020, we discussed Bank of America. Since then, BOA’s stock price has risen over 100%, so Trey takes the opportunity to discuss how they value the stock today. But, the main point of today's discussion is to take a deep dive into a potentially surprising value pick: Facebook.&nbsp; IN THIS EPISODE, YOU'LL LEARN:<ul><li>(01:47) How Bank of America is poised for growth over the long term</li><li>(16:19) How Facebook is an asset-light, money printing machine with some moonshot R&amp;D that is potentially undervalued</li><li>(42:55) How Oakmark has got comfortable with companies like Facebook, Netflix, and Amazon as “value stocks”</li><li>(46:13) The growth still ahead for Facebook, and much much more</li></ul> BOOKS AND RESOURCES:<ul><li>Masterworks <a href="http://www.masterworks.io" rel="noopener noreferrer" target="_blank">Website</a></li><li>Preston, Trey &amp; Stig’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool&nbsp;</a></li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a></li><li>Support our free podcast by supporting our&nbsp;<a href="https://theinvestorspodcast.com/sponsors/" rel="noopener noreferrer" target="_blank">sponsors</a></li></ul> HELP US OUT!Help us reach new listeners by leaving us a&nbsp;<a href="https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit" rel="noopener noreferrer" target="_blank">rating and review</a>&nbsp;on&nbsp;<a href="https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489" rel="noopener noreferrer" target="_blank">Apple Podcasts</a>! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

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TIP355: Why Facebook Is A Value Stock w/ Bill Nygren & Mike Nicolas

The Investor's Podcast Network