Mario Gabelli: the world’s greatest investors
Gabelli likens investing to poker: you collect information, evaluate it and use it to project what will happen in the future, says Matthew Partridge.
Mario Gabelli was born in New York in 1942. He bought his first stock at the age of 13, after overhearing brokers at the golf club at which he worked discussing the market. After graduating from Fordham University he did an MBA at Columbia Business School. He then worked at Loeb Rhoades & Co, a brokerage, as an analyst, developing his own valuation methodology. He formed his own institutional brokerage, Gabelli & Co, followed by asset manager Gabelli Investors (Gamco), and launched the Gabelli Asset Fund in 1986.
What was his strategy?
Did this work?
What was his best investment?
What lessons does he have for investors?
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