An old maxim says that in times of crisis the greatest opportunities arise. And that after critical stages, they often open up paths much more free of obstacles. And precisely that long-term vision has the investment and finance gurus, who already think beyond the coronavirus pandemic.
The billionaire investor Mario Gabelli, founder and CEO of Gamco Investors, analyzed the trends that will set the pulse of investments in the medium term, in an interview with Business Insider.
During the talk, he put the magnifying glass on the sectors where, according to his understanding, things should prosper both during and mainly after the coronavirus pandemic.
Gabelli, born in the Bronx 77 years agoHe gained prestige as an investment advisor and financial analyst by discovering stocks when they were cheap and investing in them before others realized their value.
Electronic commerce grew, one of the signs that Gabelli took.
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A fact about the president and CEO of Gabelli Asset Management Company Investors You Can Touch More Than One: Today Your New York Investment Firm moves US $ 41,000 million in assets., as highlighted RT.
Key sectors
The American billionaire expects steady growth in surgeries such as hip and knee replacements, which is why it sets its sights on medical device manufacturers Stryker and Zimmer Biomet.
Another of the places where it invested is LabCorp, due to diagnostic tests.
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In this sense, it also shares that the diagnostic testing companies Quidel and LabCorpFor example, they are appropriate for those who have the back to bet long-term. And he justifies it with the fact that his country is preparing for a period of generalized testing of Covid-19.
Gabelli gained prestige by spotting stocks when they were cheap and investing in them.
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Gabelli also noted the growing demand for online shopping. He believes that it is worth investing in manufacturers the technology that keeps warehouses running.
It’s worth noting that Gabelli, according to the post, invested in forklift and component manufacturer Hyster-Yale and automation company Rockwell Automation.
Windmills for wind energy in Graincourt-les-Havrincourt, France (Reuters).
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Outside the radar of many analysts, he also sees a lot of potential in renewable energy such as wind. Among his investments he mentions the company Avangrid.
Who take a slice
The United States Institute for Policy Studies (IPS) concluded in a study that the fortune of the American billionaires grew by 282,000 million dollars, something like 10%, between March 18 and April 10, 2020.
Bill Gates, of course, mentioned in a study on American billionaires.
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The agency highlights that the founder of Amazon, Jeff Bezos, how Bill gates and Warren buffet “They continue to own as much fortune as the bottom half of all America’s households combined.”
More percentages of research reveal that a 78% of households live “daily”, while 20% have zero or negative net worth“
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And with his first and last name, he stresses that eight billionaires (Jeff Bezos, Elon Musk, MacKenzie Bezos, Eric Yuan, Steve Ballmer, John Albert Sobrato, Joshua Harris and Rocco Commisso) increased their net worth by more than $ 1 billion during this chaotic 2020, involved in the coronavirus pandemic.
