From Newsmax:

Oakmark Fund manager Bill Nygren seems to think China's economy will rebound soonest: Nygren is keeping half of his funds' equity holdings in companies with a large presence in China.

Nygren also favors companies that have a stockpile of cash on hand.

"The balance sheet is just as important as the price-to-earnings ratio," he told The Street.

"A big piece of a company's value is excess cash, and if you're looking strictly at price earnings ratio, you're missing that."

Crux note: Following the criteria outlined in this article, Nygren bought both eBay (EBAY) and Apple (APPL).

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