Posted on Dec. 7 on Inside Investing, a CFA Charter holder's blog site, Robert Stammers of CFA Institute hosted an interview with GAMCO Investorsâ Mario Gabelli.
In the interview, he discusses private market value and catalysts, and understanding what makes a companyâs market value cheap. He also goes into detail about his value investing approach, including seeing the investment moves of other investors.
Below is one of Gabelliâs quotes from the interview:
âIn the investment business, not only can you be theoretical, and have a great ability to understand and do analysis and how to do it in line with our industry standardsâŚyou have to also understand the saying, âhow do you make money?â Because as smart as our firm is, and as smart as the analysts we hire â you know, the privileged, hungry and driven, PHDâs of the investment world â the problem is, if you donât show good results, the clients fire you.
So as a result of that, we said âwhat do we want to earn from that, in terms of the clients we earn money for?â Our goal would be to buy companies that would generate 10 percent real, after tax and after inflation, in a two-year time period. If it was less than that, we wouldnât get capital gains.â
To view the original video, visit: Value Investing: A Conversation with Mario Gabelli
In the interview, he discusses private market value and catalysts, and understanding what makes a companyâs market value cheap. He also goes into detail about his value investing approach, including seeing the investment moves of other investors.
Below is one of Gabelliâs quotes from the interview:
âIn the investment business, not only can you be theoretical, and have a great ability to understand and do analysis and how to do it in line with our industry standardsâŚyou have to also understand the saying, âhow do you make money?â Because as smart as our firm is, and as smart as the analysts we hire â you know, the privileged, hungry and driven, PHDâs of the investment world â the problem is, if you donât show good results, the clients fire you.
So as a result of that, we said âwhat do we want to earn from that, in terms of the clients we earn money for?â Our goal would be to buy companies that would generate 10 percent real, after tax and after inflation, in a two-year time period. If it was less than that, we wouldnât get capital gains.â
To view the original video, visit: Value Investing: A Conversation with Mario Gabelli
