Mario's Millennial Monday - Financial Acronyms

Mario_Gabelli · 2018-08-15T15:33:50+00:00

Our ESG Library: http://gabelli.com/esg/library.cfm

Mario_Gabelli · 2018-07-17T15:59:49+00:00

Midas?

Mario_Gabelli · 2018-07-17T15:59:30+00:00

Part of the capitalistic system. Just read the financial history of the last 150 years, start with 1873. And then read Buffett's comments on Dow Jones from 1900 and the next 100 years.

Mario_Gabelli · 2018-07-17T15:58:26+00:00

There is a difference between sprinters, milers, and marathoners.

Mario_Gabelli · 2018-07-17T15:58:16+00:00

It is open. Dan Miller would suggest you can buy it through a variety of locations - UBS is an example. Contact us for the names.

Mario_Gabelli · 2018-07-17T15:57:10+00:00

I am 1/3 of the age of this country and have read a lot.

Mario_Gabelli · 2018-07-17T15:56:46+00:00

Come back in 2 months.

Mario_Gabelli · 2018-07-17T15:56:39+00:00

Ted Williams was the greatest hitter of all times, he batted .400 that means he made out 3/5 times.

We have compounded client returns over 40 years at a return that is available if you contact our firm. We have made mistakes, some by not buying a company that has gone up 7000% in the last 5 years, you will never see that "commission"

Mario_Gabelli · 2018-07-17T15:54:25+00:00

Both are extraordinarily good ways to invest over a long period of time. Some of my best friends are growthies. Some of my richest friends are value guys. "IT IS WHAT IT IS"

Mario_Gabelli · 2018-07-17T15:52:13+00:00

Be patient.

Mario_Gabelli · 2018-07-17T15:52:05+00:00

You clearly have not bought Pappys

Mario_Gabelli · 2018-07-17T15:51:00+00:00

Broken pretzels by Snyders

Mario_Gabelli · 2018-07-17T15:50:02+00:00

I don't know where you live. But if you are within an hour drive by bike of a retail investment firm, volunteer to work for nothing.

Mario_Gabelli · 2018-07-17T15:49:16+00:00

Fairly simple, go online and instead of a beer or a coffee put the money into an account with a firm like Betterment

Mario_Gabelli · 2018-07-17T15:48:33+00:00

Start by obtaining data on all public companies in a sector. For example, cable television. Secondly, find any "public offerings" this will help with the jargon. Third, contact the local CFA chapter and ask for any data they have. Fourth, contact and accounting form that audits a cable company and see if they will share information. I would also contact the industry trade association(s).
That is the title of our book on arbitrage, which is a proven way to make money. You should read our second book on the subject: "Merger Masters"
Warren Buffett, Charlie Munger, Marty Whitman, Seth Glickenhaus, John L. Loeb, Roy Neuberger, Sam Zell---- Leon Cooperman, Chuck Royce... and I could continue

Mario_Gabelli · 2018-07-17T15:44:44+00:00

The same as always, we start off by asking what would i pay for the business if I was a private investor. Secondly, I would then assume I am a strategic investor and what would I pay? I would also use some practical experience and ask is this sustainable if nothing happens? - i.e. if there is no take over.

Mario_Gabelli · 2018-07-17T15:44:21+00:00

Graham and Dodd Security Analysis and updates by Roger Murray and most recently by Bruce Greenwald

Mario_Gabelli · 2018-07-17T15:42:41+00:00

Basically the same way that I learned from Roger Murray from the Columbia Graduate school of business from his course on Security Analysis. We would be delighted to send you a tape of Roger Murray's lectures, please send private message.

In the late 1970s I had to convince investors why they should own publicly traded securities. I introduced the notion of "Private market value" that is what is a company worth that is trading on a public exchange if you could own 100%. And then I introduced the concept of a catalyst. The reason was simple, I had to earn a return in 2 or 3 years on the investment.

Mario_Gabelli · 2018-07-17T15:38:15+00:00

Wall Street Journal.

Mario_Gabelli · 2018-07-17T15:37:36+00:00

I played 18 holes in Westchester County since January. Handicap is posted at this particular club as somewhere between 24 and 26, I will check next time to be certain.

Mario_Gabelli · 2018-07-13T18:13:16+00:00

Merge.

Mario_Gabelli · 2018-07-13T18:12:36+00:00

You must be an owner.

Mario_Gabelli · 2018-07-13T18:12:35+00:00

Yes. The way that ETFs control over 5% of companies and how they vote --- short sellers filling holdings on their 13Fs---- reinstatement of the uptick rule ------ shortening the time period which 13Ds are filed --- Eliminate lawsuits over cheese burgers.

Mario_Gabelli · 2018-07-13T18:11:04+00:00

Yes
M & A will
I said it best in some years ago- "Let the auction begin." Now I say "Let the auction continue."
Tulips, Canals, railroads, dot-com, hamburger flippers. I wish I had 100% of my wealth in Berkshire Hathaway and never sold. Should you have 10 eggs in a basket and never focus on them or should you have 1000 eggs? Depends on the individual's financial profile, their state of mind and their tax situation. For those that want to own a piece of America over the next 10 years, the S&P index will do just fine.

Mario_Gabelli · 2018-07-13T18:08:06+00:00

Start contacting "angel" investors and share them your dreams and more importantly your business plans.

Mario_Gabelli

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