The world we live in spins at a fast clip, with many investors in mutual funds, ETFs and equities alike bombarded with information and ideas about how to profit in a speedy way. Most of the advertisements from brokerage firms put emphasis on trading — and not so much emphasis on investing.
But investors need to keep the big picture in mind, and taking a long-term view is what legendary money manager Mario Gabelli is all about.
Mr. Gabelli has more than 45 years of investing experience, and investing in one of his mutual funds means you are buying into a fundamental, disciplined approach to value investing.
Investing in these mutual funds also means you get a heavy dose of easy-to-understand businesses that have pricing power, solid balance sheets and strong management. You will not find much in the way of tech stocks or the latest hot name in biotechnology. Instead, you will find stocks in such industries as auto parts, beverages and media. As Mr. Gabelli recently stated on CNBC, “if you drink it — we follow it.”
While expense ratios are on the high side for all of these funds, the results over time have been very rewarding. So here are three no-load mutual funds from “Super Mario” that are open to new investors: