Ariel Investments

But all those opportunities I've had, I just felt I owed the city so much, and so I was looking for an opportunity to come home.

And John Rogers, who runs Ariel Capital and been my best friend and mentor since I was about ten years old, he was starting to be successful in his money management business.

And rather than buying a second house or a fancy car or boat or whatever, he wanted to set up a foundation and give back to the community, and he just knew of our family's involvement in the neighborhoods.

And so he hired my sister and I, Sarah, to come back and set up the I Have a Dream program.

Toyl- sa- toy sales were okay.

And apparently there've been some bids presented from, um, uh, one, uh, investor I think, uh, Ariel Investments, which is a big firm in the US, said "Hey, you should start looking around to see if anyone would, um, would, would basically do a better job if they're prepared to buy in." Uh, and s- into all of this comes The Australian, which has a deal room column.

Yesterday was running a piece that suggested that Nick Mowbray has been doing the rounds of Australian banks talking to them about whether or not Zuru and he could mount a bid for Mattel, uh, and taking some of those bids over the last three or four weeks.

He did respond to a request for comment from, uh, Business Desk.

There's less risk, so you sell stocks and buy bonds.

This is Ariel Investments' Charlie Bobrinskoy on CNBC.

I have been on your show a lot of times over the last seven years, and the whole time I pretty much said, "Avoid bonds.

Bonds are not good to have in this inflationary environment." For the first time, I would say bond investors are now finally getting compensated for inflation and can earn a real rate of return.

A major Mattel shareholder is pushing the Barbie maker to explore a sale or other strategic alternatives.

Reuters reported that Ariel Investments, which owns a 5.4% stake in Mattel, outlined several options for Mattel, including the divestiture of significant assets, a merger, or an outright sale of the company.

The push comes as Mattel's profitability weakened after the 2023 Barbie boost.

The toymaker has also been dealing with higher costs and increased investment in its brands and entertainment strategy.

I think we just did an event out in the Hamptons, and Jason Wright, who was out there, who's, you know, part of a, a big in group in the in- investing space-

Yeah, Ariel Investments

... project level, Ariel Investments.

Yeah, he's amazing.

But you know, again, he's talking about you're seeing valuations of teams go from 100 to 400 in two years.

We've got a lot more to do.

And on deck, Ariel Investments, Charlie Babrinskoy on the big market risks right now.

Plus, have we officially hit peak money in college sports or will the millions turn into billions and tens of billions? We'll hit the college sports and money story coming up.

This is The Exchange on CNBC.

So we're going to talk more about the markets.

We'll bring in Ariel Investments Vice Chairman Charlie Verbensker.

Charlie, give us your take here in terms of, I guess, the general setup.

And then how would you navigate a market that still seems fixated on the AI side?

Plus, legendary investor Warren Buffett steps down as Berkshire Hathaway chairman, his son assuming the role immediately.

We'll discuss the implications with founder and co-CEO of Ariel Investments, who has called Berkshire one of, quote, the best investments of all time.

And Apple's faithful flocking to stores today as the iPhone 18 goes on sale.

We'll get a look at the expectations for this first launch under the new CEO, John Ternes.

Thank you.

When we come back, Warren Buffett stepping down as chairman of Berkshire Hathaway.

We'll speak to Ariel Investments co-CEO John Rogers about what it means for the company.

Plus, Goldman Sachs head of public investing will join us.