Ariel's John W. Rogers Jr.: Value and Small Stocks Will Lead

The new value cycle is just getting going. Celebrated value investor John Rogers gives his take on what's to come, which sectors he thinks are cheap right now and why he's cautious on crypto.

Photo of John W. Rogers Jr.
(Image credit: Photo by Bob Stefko)

John W. Rogers Jr. is chairman, co-CEO and chief investment officer of Ariel Investments, which he founded in 1983. He is the lead manager of Ariel Fund (ARGFX) and comanager of Ariel Appreciation Fund. Read on as we ask Rogers about value, small companies and risks facing the market.

You're a celebrated value investor. How do you define value? We think of it as buying stocks that are selling at a discount to their private-market value. For us, an undervalued security is selling at more than a 40% discount to what we think the value of the company is.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.