General Investing >> Money Manager Interviews >> December 21, 1998

Steven J. Reid – Harris Associates L.p.

STEVEN J. REID, CFA is the Portfolio Manager of The Oakmark Small Cap Fund, a Senior Investment Analyst and a Partner of Harris Associates L.P., a Chicago-based investment management firm that serves as the adviser to The Oakmark Family of Funds. Reid uses a disciplined bottom- up research process to identify small cap opportunities that are underfollowed and undervalued. He looks for companies that have small market capitalizations that are selling at sizable discounts and are run by managements tied to growing the value of the business. Reid has appeared on CNBC and has been featured in several financial publications. Reid joined Harris Associates as an accountant in 1980 and has been an investment analyst since 1985. He holds a B.A. in Business from Roosevelt University (1979) and holds the distinction of Chartered Financial Analyst. (FAT510) (6526) Profile
TWST: First of all, tell us something about the philosophy behind The

Oakmark Small Cap Fund.

Mr. Reid: Our investment philosophy is universal throughout the firm.

We practice a