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Opinion
Barry Ritholtz

Mario Gabelli, Stock-Picker, Indexing Skeptic

This week in our Masters in Business interview we speak with Mario Gabelli.

This week in our Masters in Business interview we speak with Mario Gabelli, founder and chief executive officer of the $45 billion Gabelli Asset Management.

Gabelli has a reputation as one of the world’s most astute stock pickers, earning the nickname “Super Mario.” He learns industries from the top down and gets into the details of companies from the bottom up. He looks at stocks as if he were buying the entire company, considering factors such as growth rates, business advantages, valuation and margin of safety. Over the course of 39 years, his investments have averaged a 16.9 percent compounded annual return. Given that he is a stock picker, Gabelli isn't a fan of Vanguard founder John Bogle, calling indexing “mindless investing.”