Ariel Investments co-CEO: The AI trade feels very 1999 | Invest 2026
Mellody Hobson tells Brian Sozzi the AI slice of the tech trade feels overdone, that it reminds her of partying like it is 1999, and that the circular arrangement where the same companies invest in each other is the part that worries her. She is not alarmed by it: Ariel is a value firm, and she says the cracks are where the opportunity is. She calls prediction markets something close to slot machines, explains the line she steers by, and walks through why she thinks women’s sports valuations are about to re-rate. Views and figures here are her own.
Featuring:
Mellody Hobson, Co-Chief Executive Officer and President, Ariel Investments
Brian Sozzi, Executive Editor, Yahoo Finance
Watch the full day of Yahoo Finance Invest: https://youtube.com/live/rAYVxDJYeAc
Timestamps
0:00 Her read on the market, and the trade that feels overdone
1:22 Where the opportunity is if the froth comes out
2:44 Why it feels like 1999, and the circular investing
4:13 Free cash flow, and whether it is a red flag
5:18 Where she finds value in tech, and where she will not look
6:24 How Ariel defines value, and the Madison Square Garden trade
7:47 “Math has no opinion”
10:25 Prediction markets are up there with slot machines
12:26 What she would tell a 20-year-old starting now
14:12 Project Level, and why every arrow in women’s sports points up
16:08 Volleyball, flag football and the Denver expansion team
17:47 The media rights gap she calls inevitable
19:57 How they decide which team to buy
22:04 Owning a share of the Broncos, and what private equity changes
24:18 Where she expects to be in ten years
#AI #Investing #WomensSports #YahooFinance
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