John Rogers : Subprime Risks - Overblown

John W. Rogers Jr., chairman and CEO of Ariel Capital Management, writes a piece on Forbes.

• During tough times like these I stay focused on the areas I know best, which keeps me calm and confident in my decisions.
• This way I can concentrate on what matters most: underlying business fundamentals. And I don't waste time worrying about things I can't control or predict, like what sectors will be in vogue next or where interest rates are going.
• When times get tough, fear leads people to overdiversify their investments in hopes of minimizing losses. Bad idea.
• There are a number of sectors I don't buy because they are outside my circle. Maybe some people can consistently predict commodity prices. I can't, so I don't try. Similarly, you won't see me investing in the latest and greatest technology. The rapid obsolescence scares me.
• On the other hand, financial stocks are one of the biggest weightings in my portfolios.
  

Direct Link - Subprime Risks: Overblown.

*Related Links :

• Morningstar interview with John Rogers (Video)
• Money Magazine Interview with John Rogers (Transcript)
  

Morningstar interview with John Rogers (Video)

Morningstar interview with John Rogers, founder & CIO of Ariel Capital Management, on July 18, 2007. John talks newspaper stocks, finding bargains in the mid-cap category, and some recent picks.

Here is video link or you can watch directly below.

Money Magazine Interview with John Rogers (Transcript)

Money Magazine had an interview with John Rogers, manager of the Ariel Fund, on July 6, 2007. John talks about how he build outstanding record investing in a few "great ideas" and his recent ideas.

The most interesting part of the interview is that John don't an e-mail address. He explained :

I don't even have a computer in my office. If I had e-mail, I'd never take the time to read research or absorb information. I want to think about what I'm doing, and that takes time.

Full interview transcript - Buy. Hold. Profit. Give Back.