Mario Gabelli Says Warren Buffett Should Buy AutoNation

Value investor Mario Gabelli says Berkshire Hathaway’s second-quarter results should be better than the first quarter. Speaking at the annual meeting, the CEO of Gabelli Asset Management also said Warren Buffet should consider AutoNation   as his next acquisition. Gabelli said in terms of his own investments, he still likes health and wellness plays, and water. Gabelli also said he recently started investing in the defense sector, and Honeywell    is his largest holding in that space. He also likes United Technologies , Lockheed Martin  and Northrop Grumman.

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Mario Gabelli