Quarter Review
It was a terrible quarter for the world, the markets and the Oakmark Global Fund (OAKGX). We will not repeat here all that you have been reading about the spread of the coronavirus and the efforts to "flatten the curve." Government action, both in terms of public health and economics, has been unprecedented around the globe. Hundreds of economic stimulus efforts have been put into effect, including a $2 trillion plan in the U.S., but despite all of these efforts, economic revival depends more on the outcomes in the public health and medical