Add another great investor to your list that thinks stocks are more attractive than bonds. Mario Gabelli was on CNBC several days ago discussing this topic.
Gabelli is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) a $30 billion dollar global investment firm headquartered in Rye, New York. Forbes magazine's 2006 Forbes 400 rankings listed him as #346 on the list of wealthiest Americans and estimated his net worth at $1.0 billion.
Gabelli thinks over the next ten years that carefully selected equities will earn you 7-11%, versus 2.5% on the ten year bonds. however, Gabelli is cautious. He does not believe in buying the index.
Gabelli thinks you must do your due diligence and find companies that will outperform the market.
Gabelli mentions, China, the Euro Zone and QEII as three areas that worry the market.
However, Gabelli is not worried. He mentions that in the past hundred years we have had presidential
assassinations, many wars, inflation, deflation, political scandals etc. This will also happen in the future. If you take a short term perspective, Gabelli says you should be scared. However, if you take a long term perspective, equities are very cheap.
The video is below:
http://www.valuewalk.com/
http://twitter.com/valuewalk
Gabelli is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) a $30 billion dollar global investment firm headquartered in Rye, New York. Forbes magazine's 2006 Forbes 400 rankings listed him as #346 on the list of wealthiest Americans and estimated his net worth at $1.0 billion.
Gabelli thinks over the next ten years that carefully selected equities will earn you 7-11%, versus 2.5% on the ten year bonds. however, Gabelli is cautious. He does not believe in buying the index.
Gabelli thinks you must do your due diligence and find companies that will outperform the market.
Gabelli mentions, China, the Euro Zone and QEII as three areas that worry the market.
However, Gabelli is not worried. He mentions that in the past hundred years we have had presidential
assassinations, many wars, inflation, deflation, political scandals etc. This will also happen in the future. If you take a short term perspective, Gabelli says you should be scared. However, if you take a long term perspective, equities are very cheap.
The video is below:
http://www.valuewalk.com/
http://twitter.com/valuewalk
