John Rogers, Ariel Investments - On assessing management teams

Part of being a successful small-cap investor is being a forensic observer. Since so many small-caps aren’t covered by high quality equity research analysts, investors are left to uncover all the value – and risks – on their own. If you think the term “forensic observer” is a bit overstated, you might think differently when you hear Mr. Rogers discuss who they hire to train their portfolio managers to expertly interview management teams.