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This is a ‘once in a lifetime’ buying opportunity like ’87 and ’08, says Ariel’s John Rogers

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Stocks’ swift and steep sell-off is providing the type of buying opportunity that doesn’t come around all that often, and investors should take advantage of the downturn, according to Ariel Investments’ chairman John Rogers.

“I think this is a maybe once in a lifetime opportunity to buy stocks at bargain prices,” he said Wednesday night on CNBC. He noted that legendary investor Sir John Templeton famously said “buy when there’s maximum pessimism,” which is how some view the current market outlook amid a wave of selling.

The Dow Jones Industrial Average and S&P 500 are coming off two straight days of gains — their first back-to-back rally since February — but they’re still trading well…

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Source cnbc.com

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