In an interview with CNBC last month, Ariel Investments Co-CEO John Rogers explained the thought process behind his firm’s recent wins in Mattel and Vail Resorts investments.
Regarding his firm’s investments in Mattel and Vail, Rogers explained that the stocks were “getting crushed during the height of the pandemic. There was an opportunity to buy some extraordinary brands at bargain prices.” He referenced the long-term investment strategy of legend Warren Buffett, echoing his view that the “capitalist democracy here in America is the best thing ever invented and we resolve our problems.”
Vail in particular, he said, is positioned to recover more quickly than some other leisure companies because skiing occurs outside with built-in social distancing.
Rogers concluded, “If you take a long-term view, it allows you to make better decisions.”