Emerging Theme in Herro's Auto, Luxury Picks
International Manager of the Decade David Herro says exposure to emerging markets will boost the beaten-down stocks of BMW, Richemont, Bulgari and others.
John Coumarianos: You own three auto companies: Toyota, BMW, and Daimler. Cyclical businesses, capital-intensive businesses. Talk about why you own the auto firms that you do.
David Herro: That's a really good question. And each one of them, in fact, is a little different.
John Coumarianos does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.