Harris Associates is an investment management firm based in Chicago, Illinois. Founded in 1976, it specializes in value investing, focusing on long-term growth by identifying undervalued companies. The firm manages a range of mutual funds and institutional accounts, employing a disciplined research process to make informed investment decisions. The firm is known for its flagship fund, the Oakmark Fund, which has gained recognition for its performance over the years. Harris Associates emphasizes a patient investment approach, believing that market inefficiencies can lead to opportunities for substantial returns.