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Wednesday, April 7, 2010 as of 11:14 AM ET

Liz-Vision
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  • April 16, 2010 11:23 AM UTC by Liz Claman

    Top Investor Gabelli to FBN: "Dow Going to 20k by 2020"

    Actually, Mario Gabelli of GAMCO (which has some $26 billion in assets under management) told me exclusively on “Countdown to the Closing Bell” that it could be as early as 2018.

    Folks, this is a guy who has a significant investing track record. He’s a value investor (read: Warren Buffett-style) and won’t buy something that’s too expensive relative to expected performance. He picks through quarterly reports with a high-powered microscope yet has a unique ability to look at a company picture at 30,000 feet as well.

    His performance is up 30+% since December of 2008. 

    So what does he like now? Here’s a partial list of what he talked about with us, but watch the clips to hear his explanation about why he likes these names.

    Gabelli’s picks

    Vimpel-Communications (VIP

    Viacom (VIA-B)

    National Fuel Gas (NFG)

    Millicom International Cellular (MICC)

    Bank of New York Mellon (BK)

    Nintendo president Satoshi Iwata explains about the company’s… go to site paper mario 3ds

    Getty Images September 13, 2011 | TOSHIFUMI KITAMURA

    Getty Images 09-13-2011 Nintendo president Satoshi Iwata explains about the company’s…

    Full Size JPG (1530 KB) Nintendo president Satoshi Iwata explains about the company’s new software “Paper Mario” to be released early in 2012 during the Nintendo 3DS Conference 2011 in Tokyo on September 13, 2011. Nintendo unveiled 43 new software for Nintendo Wii and 3DS consoles to be released shortly. AFP PHOTO / TOSHIFUMI KITAMURA (Photo credit should read TOSHIFUMI KITAMURA/AFP/Getty Images) go to site paper mario 3ds

    TOSHIFUMI KITAMURA

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dave young

gee thanks mario for your bold insight. that would be 8% annual growth.....amazing. yawn

April 19, 2010 at 11:25 am

R J

Why is it about the dow? An index whose stocks are chosen by the Wall St Journal and changed as and when they feel like it. The dow is NOT an indicator of the economic activity of this country. It is however, a tool for gambling and enriching the Wall St fat cats ultimately at the expense of the rest of the populace, particularly when every ten years we have a bubble of something or the other that was touted without merit. It is time Mario retired. Though I like him as a person.

April 16, 2010 at 2:39 pm

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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