As Markets Go ‘Crazy,’ Ariel Touts Old-School Value Strategy

Markets are going “crazy” right now amid historic volatility, and this can turn out to be an opportunity to scoop up beaten-down value stocks, according to John Rogers at Ariel Investments.

“I’m trying to find stocks that are selling at low multiples, that are selling at significant discounts to private-market value, companies that have strong balance sheets and strong moat around them,” the firm’s chairman said on Wednesday at the Bloomberg Invest conference. “We really are sticking to our tried-and-true principles, and that value really hasn’t changed.”