Bob Robotti, runs a small value hedge fund out of New York City. Despite having a fantastic long term track record, Bob manages to keep a low profile. However, investors will get a chance to hear him speak at the next value investing congress Value Investing Congress. See a chart of his astounding performance below:
In this interview small-cap value expert Robert Robotti (who is also speaking at the upcoming Value Investing Congress in Omaha in May) describes the beaten-up industries he’s mining, his prime focus when markets go haywire, and why he thought that Builders FirstSource – which has more than doubled since this interview -was a good investment.
What can past market crashes teach us about the current one?
The markets have largely recovered since the March selloff, but most would agree we're not out of the woods yet. The COVID-19 pandemic isn't close to being over, so it seems that volatility is here to stay, at least until the pandemic becomes less severe. Q2 2020 hedge fund letters, conferences and more At the Read More
ValueWalk has been granted permission to publish the full interview, which is embedded in scribd below:
ValueInvestorInsight-Issue 306 Robotti
Bob is the latest speaker to be confirmed for the Value Investing Congress in Omaha, on May 6th and 7th, 2012. The conference will begin after the Berkshire Hathaway annual pilgrimage, and the Markel Shareholder meeting, where Tom Gayner will be speaking. The line-up should be great, as many high profile investors like and Prem Watsa, go to Warren Buffett’s Annual meeting every year . I attended the last conference, and it was not only great for investment ideas, but one of the best networking venues for analysts, HNWIs, people in business development, financial media etc.
There is a special deal; Value Walk readers will receive a discount of $500 off the regular price, however it expires on 4/16/12 So act quickly. As the conference gets closer the discounts decrease significantly.
Discount Code: S12VW4. Just follow the link below and use the discount. Buy a (belated) holiday gift (or rather an investment that will likely yield rewards) for a loved one, friend neighbor or even yourself. But act soon before the huge discount expires: Value Investing Congress–Discount Code: S12VW4
Confirmed speakers for the 7th Annual Spring Value Investing Congress include:
- Charles T. Akre, Akre Capital Management
- Carlo Cannell, Cannell Capital
- Aaron Edelheit, American Home Real Estate Company
- Guy Gottfried, Rational Investment Group
- Douglas A. Kass, Seabreeze Partners Management
- Chan H. Lee and Albert H. Yong, Petra Capital Management
- David Nierenberg, The D3 Family Funds
- Larry Pitkowsky and Keith D. Trauner, GoodHaven Capital Management
- Bob Robotti and Isaac Schwartz, Robotti & Company
- Thomas A. Russo, Gardner Russo & Gardner
- Matt Swaim and Bruce M. Zessar, Advisory Research
- Whitney Tilson and Glenn Tongue, T2 Partners
The day after the Congress, on May 8, Whitney Tilson and Glenn Tongue of T2 Partners will host a seminar, titled Case Studies in Value Investing: A Post-Congress Workshop.. Utilizing real-world case studies, Tilson and Tongue will share how they analyze and value companies and identify promising investment opportunities. Past participants have realized significant benefits from this intensive workshop, describing it as “an investment that pays for itself” with information that can be “immediately put to use.”
Below is a bio of Bob from Robotti.com
Robert Robotti is the President of Robotti & Company. Prior to forming Robotti & Company, Incorporated in 1983, Bob was a vice president and shareholder of Gabelli & Company, Inc. He worked in public accounting before coming to Wall Street and is a C.P.A. Bob holds a B.S. from Bucknell University and an M.B.A. in Accounting from Pace University. Some of Bob’s areas of coverage include Special Situations, Oil & Gas Producers and Oil-Service companies, and Property-Casualty Insurance. Bob is the principal of the managing member or general partner of several investment vehicles. Bob currently serves on the Board of Directors of Panhandle Oil & Gas Company, a NYSE-listed diversified mineral company located in Oklahoma City and a member of the Board of Directors of Pulse Seismic Inc., a seismic data licensing business located in Calgary, Alberta. Previously, Bob was a member of the Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies, established to examine the impact of Sarbanes-Oxley Act and other aspects of the federal securities law.