You're watching...
GAMCO Investors CEO Mario Gabelli on investing strategies to boost investors’ portfolios.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- go belly is one of the most successful investors out there and today.
He's putting everything on the table he says nothing is off the table to talk about here except and I quote Mario sex and religion.
OK Mario.
OK I wouldn't don't talk policy you can talk about it rods and so okay Iraq we can discuss -- -- -- -- NHL -- a look at the good stuff he's only -- Fox Business Mario Gabelli -- -- Chairman and CEO -- good to see you wouldn't you say you have never been more excited about stocks.
Arianna you -- as long -- There but I'm 92 the seven to 19734.
After that they've declined obviously and -- we have -- 2000 -- extraordinarily interest in periods.
This is basically as a market that has tail wouldn't.
Given the amount of money defense putting in.
But -- when I'm doing is picking stocks one at a time so it's not stocks generally but it's -- what it's not.
ETFs are the spider and it's not -- get well and I don't know when you combine -- investing -- do that but I'm looking at stocks and companies specific how to way to make money financial engineer from that we talked about Pfizer Pfizer tonight or tomorrow.
Is spinning off there's a portion of -- is -- which is a companion pet.
And production animal which is house and so on business so there's a lot going on all time.
You know you talk about that type of activity acquisitions mergers and -- acquisitions -- you call -- when companies may well.
Yes it is he's telling you to ask this but of -- above seems more -- but I -- see more well you have a.
A low cost the capital we obviously clearly have companies that -- to grow and they are looking at how that they grow and in addition -- that they have businesses that they want to market anyone to surface the values.
Example was Pfizer selling off the pieces -- About flow is going public it drives up the value put up comparable us.
And yet you still see the market growing in the aggregate about 5% yeah I don't think we have a lot of headwind because somewhere and he had the Fed's gonna have to start saying -- with the principles familiar to long and that the market has to adjust that there's always some dynamics that -- you know we we -- -- rates the market people had to go way all the black swans are well.
This is what I wanna point out to our viewers that he's saying -- the individual stocks and that's exactly what he doesn't want you to tell people what it is specifically that you're looking for.
Now well -- ideal world does not today the stocks taking you to specifics but the name of the game is how to preserve wealth had a we maintain -- not -- maintain purchasing -- what if inflation picks up through four years.
Companies with cash flow lives that have rising dividends.
And that are selling a very cheap price -- that -- the management Smart and doing something to -- those that you go and I -- -- -- indicate another thing that's interesting about Mario the depression know is that he goes to these companies you.
Troll around the assembly lines and you talk to the management when your -- correct.
Well we we can visit the -- we like to visit the man who like to visit competent adult fashion research 101.
-- one out of Dodd 1934 -- only would doing is following what they did -- Columbia Business School years ago.
-- and Buffett follows Benjamin Graham as well and here's what it's done for Mario we can look at at least one of his funds that he's got a whole host of funds.
And in them she's got a multimedia fund that has performed absolutely beautifully and if we can put that one up there you've got a whole bunch of names in here that are.
A media centric and among them -- -- we have is -- for your 25% to the upside OK great I thank you Rupert I got it yeah.
Appears unless it news -- and -- yes yes exactly and Chase Carey.
The ten year.
Performance annualized up 33%.
So this is I don't know if -- lives -- right because you picked the fundamental memorize -- -- -- We do but I just wanted to say that that the names that are in their have worked very well for the cash generators.
Run by good people like -- Mondays at CBS and they do financial engineering what he did was to set -- cancel my -- business.
So minute get a private letter ruling and try to go -- -- will.
And try to converted to a -- That there were advertising that brings in substantial money Rupert spinning off.
Murdoch news corporate head is spinning off a piece of this does so.
It's costly going.
Constantly thinking and trying to morphed with the times -- stick around Mario is going to give you two brand new picks.
New ones that are not multimedia related that he says will make you money in 2013.
You're stuck to us more state.
