Will Airbnb (ABNB) Benefit from Increase in Global Travel?

Oakmark Funds, advised by Harris Associates, released its “Oakmark Equity and Income Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund delivered -0.20% during the quarter compared to the Lipper Balanced Fund Index’s -1.24% return. The equity portfolio returned 1.28% in the quarter, compared to 2.41% for the S&P 500 Index. The fixed-income portfolio returned -2.25% compared to -3.06% for the Bloomberg U.S. Aggregate Bond Index. The fund has allocated 59.3% in equities, 39.5% in fixed income, and 1.2% in cash. In addition, you can check...