INVALUABLE INSIGHTS PART III
Legendary value investors from Ariel Investments, Artisan Partners, GAMCO Investors, Harris Associates, Miller Value Partners and Southeastern Asset Management gathered for the third installment of “Invaluable Insights” — a virtual discussion on Tuesday, March 1, 2022.
During a dynamic 90-minute conversation moderated by Ariel’s Mellody Hobson, leading asset managers discussed and debated: what’s ahead for investors in 2022, the impact of geo-political events on markets and associated volatility, outlooks for sectors such as travel & leisure, entertainment and financials, stock picks, and much more. With an average tenure of more than 35 years, these seven practitioners represent firms that collectively manage over $350 billion in assets:
- Rupal J. Bhansali
CIO, Global Equities | Ariel Investments
- G. Staley Cates
Vice Chairman | Southeastern Asset Management
- Mario J. Gabelli, CFA
Founder, Chairman, CEO | GAMCO Investors, Inc.
- David G. Herro, CFA
Deputy Chairman, CIO – International Equities and Portfolio Manager | Harris Associates
- Bill Miller, CFA
Founder, Chairman, CIO | Miller Value Partners
- Daniel J. O’Keefe
Managing Director | Artisan Partners
Founding Partner of the Artisan Partners Global Value Team
- John W. Rogers, Jr.
Chairman, Co-CEO & CIO | Ariel Investments
As stated in the presentation, Staley Cates received Morningstar’s Fund Manager of the Year designation in 2006, Mario Gabelli in 1997, David Herro in 2010 and 2016, Bill Miller in 1998, and Dan O’Keefe in 2008 and 2013. As stated in the presentation, John Rogers was listed in The World’s 99 Greatest Investors: The Secret of Success, originally published: July 27, 2014.
Investing in small- and mid-cap stocks is more risky and volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the Funds invests may never be recognized by the broader market. The Funds are often concentrated in fewer sectors that their benchmarks, and their performance may suffer if these sectors underperform the overall stock market. Investments in foreign securities may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, foreign currencies and taxes. The use of currency derivatives and exchange-traded funds (ETFs) may increase investment losses and expenses and create more volatility. Investments in emerging markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. Past performance does not guarantee future results.
In this interview, the portfolio managers at Ariel Investments and other value investing firms candidly discuss individual securities, sectors, and markets. The opinions expressed are current as of the date of the interview, but are subject to change. The information provided does not constitute information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. This material should not be considered an offer for any of the securities referenced. The information contained in the interview is not guaranteed as to its accuracy or completeness.
This video mentions various sectors and specific stocks. One or more of the stocks mentioned were, as of the date of this broadcast, and may currently be held in Ariel Fund, Ariel Appreciation Fund, Ariel Focus Fund and/or Ariel Global Fund. Any holdings mentioned do not constitute all holdings in a Fund. Portfolio holdings are subject to change. The performance of any single portfolio holding is no indication of the performance of other portfolio holdings of Ariel Fund or Ariel Appreciation Fund. See current holdings information for Ariel Fund by clicking here, for Ariel Appreciation by clicking here, for Ariel Focus Fund by clicking here, for Ariel International Fund by clicking here, and for Ariel Global Fund by clicking here. Click here for a Fund prospectus.