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Mario Gabelli - Thinks China and Japan Starting Their Engines Bodes Well for Global Growth

January 23, 2013 | About:

- Gabelli's motto is the simpler the better; he wants to own businesses that have products that are easy to understand and aren't going to go away.

- China and Japan together are 21% of global GDP and both countries are in the process of "starting their engines" which is a big deal for growth worldwide.

- He also likes the U.S. where consumer net worth is at an all-time high and housing prices are improving.

- Gabelli thinks you can see and feel that individuals are starting to get comfortable holding equities again finally.

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