Herro Says There Are Buying Opportunities in Italy

David Herro of Harris Associates discusses his investments in Italy, highlighting the country's political instability and its impact on the banking sector, particularly Intesa. Despite the challenges, Herro sees investment opportunities due to market volatility, emphasizing the importance of long-term value investing.

What is David Herro's perspective on the political situation in Italy?

How has the political instability in Italy affected the banking sector, according to David Herro?

What does David Herro suggest about the stock of bad loans in relation to Intesa?

In what way does David Herro view the current share price of Intesa?

What opportunity does David Herro see for long-term value investors in the current market?