I don’t know why I like this guy. There are a handful of people who talk about stocks on the teevee, who I happen to like. One being Bob Parker from Credit Suisse and another being Mario Gabelli, long time Boss Hog of the investment world.
Mario is super sharp and a great investor. This short clip is definitely worth your time. Amongst the media stocks that Mario likes, he’s also getting into homebuilders and defense stocks, which I find to be interesting.
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Supreme Chancellor, Stanley Druckenmiller also has a sizeable position in defense stock Raytheon. Ultimately, all of these shenanigans end in war; its the worlds most tried and tested script……..owning defense contractors seems a decent play on the inevitable.