John Rogers, Ariel Investments chairman & CEO talks to CNBC about financial literacy and stock market. He is considered a Presider Obama insider because of his Chicago roots. He has been picked to serve on the Advisory Council for Financial Capability by the President.
Rogers is of the opinion that the low interest environment is terrific for the stock market. He says the CEOs and CFOs he talked are getting more confident with their company’s balance sheet. As confidence set in, companies are going to start to hire.
He says that recent interest rate hike will not change the bullish outlook. If anything, the interest raise indicates that economy is getting better.
He thinks stocks are so incredibly cheap with investors pouring money into fixed income securities. He cites Warren Buffett’s article in 1975 that appeared in Fortune to support his opinion that there are lots of opportunities when the market is in fear.
In the following clip, Joseph Mansueto, Morningstar chairman & CEO and John Rogers discuss how things have evolved in equity research:
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Rogers is of the opinion that the low interest environment is terrific for the stock market. He says the CEOs and CFOs he talked are getting more confident with their company’s balance sheet. As confidence set in, companies are going to start to hire.
He says that recent interest rate hike will not change the bullish outlook. If anything, the interest raise indicates that economy is getting better.
He thinks stocks are so incredibly cheap with investors pouring money into fixed income securities. He cites Warren Buffett’s article in 1975 that appeared in Fortune to support his opinion that there are lots of opportunities when the market is in fear.
In the following clip, Joseph Mansueto, Morningstar chairman & CEO and John Rogers discuss how things have evolved in equity research:
