Rogers on Tavis Smiley w/mutual funds
Kim Pearson has been telling me for some time that John Rogers (pictured) of Ariel Capital Management was the kind of business guy that TCNJ should bring to campus to inspire the students. So I looked at the transcript of the Tavis Smiley show on 04.15, in which Rogers talked about mutual funds. Look at this:Well, our strategy's always been around patience. We think the best way to make money is to buy stocks while they're out of favor, while they're low priced, and hold them for the long run, and over now the 22 years we've been in business, that's been our focus. We try to find these companies often when they're smaller or mid-sized, and, again, try to find them when maybe others aren't excited about them and they're not on the front pages of all the newspapers and magazines. But there's a real opportunity to find a great business at a bargain price.If that's not plain language, I don't know what is. This guy Rogers is the real deal. I only hope he discovers Juterphusion someday.
I was originally going to bat for Kwame Jackson instead, thinking his appearance on "The Apprentice" would draw an audience. I maintain that Jackson is still a bigger draw. But now I have to ask whether Rogers wouldn't be better at teaching students something they can use...
Labels: consulting
posted by Ron @ 11:17 PM
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1 Comments:
What's great about Rogers is that he has been consistent -- neither phased by downturns, nor given to "irrational exuberance." He has built Ariel from the ground up, and they now manage billions of dollars in assets. He has also been commendable in the area of philanthropy and public service, contributing substantially in time and treasure to a number of worthy causes. He still plays a mean game of one-on-one as well, despite his fondness for McDonalds cheeseburgers.
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