Value investors tend to hold to the notion that outside noise matters little when analyzing fundamentals, and Charles Bobrinskoy of Ariel Investments believes the bombast emanating from the White House “doesn’t matter” for stocks.
More significant for stocks are the policies, of those in power, such as regulatory reform, that are “relatively directionally favorable for corporate America,” he said in an interview with CNBC Monday.
“That’s still true no matter how vulgar our President and his aides are,” he said.
Bobrinksoy also recommended two stocks: KKR & Co. (KKR, Financial) and Lazard Ltd. (LAZ, Financial).
GuruFocus tracks the portfolio of John Rogers (Trades, Portfolio)’ Ariel Investments here.
See the video below:
People yelling at each other in the White House doesn't matter to the market: Ariel Investments' Charles Bobrinskoy from CNBC.
