Mario Gabelli: Downturn Is ‘Good,’ Makes For Good Time To Pick Winners

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Billionaire value investor Mario Gabelli says he isn’t worried about markets’ recent collapse.

Gabelli, GAMCO Investors chairman and CEO, told CNBC’s “Fast Money: Halftime Report” on Wednesday that he sees several bright spots on the horizon, and that smart investors could benefit from choosing promising companies around this time.

“You’re picking individual companies that have certain characteristics,” the expert investor recommended for times like this week’s market downturn.

Mario Gabelli: Downturn Is ‘Good,’ Makes For Good Time To Pick Winners

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