With stocks setting new all-time highs this week, legendary value investor Mario Gabelli shared three of his top picks for the second half of 2014.
“The market—based on earnings, based on multiples, based on valuations—is OK, but there’s no margin of safety, and you can have a shock,” he said Thursday on CNBC’s “Halftime Report.”
The Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception Read More
Mario Gabelli Reveals Second-Half Playbook