What Makes Diageo plc (DEO) a Promising Investment?

Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Select Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned -4.96% in the quarter compared to a -0.16% return for the MSCI World Index (net). The fund generated 7.37% since its inception, compared to the index’s 7.61% return over the same period. The largest contributing sectors were communication services and financials, while the largest detractors were...