A New Golden Age for Savvy Stockpickers w/ Bob Robotti (RWH046)

William Green chats with Bob Robotti, a great investor who’s crushed the S&P 500 over the last 40 years. Bob, the President & Chief Investment Officer of Robotti & Co, explains why he believes we’re in a “new golden age” for active, value-oriented investors (not index funds); why he expects persistently high inflation; why he’s betting heavily on the resurgence of Old Economy businesses; & how he’s positioned to profit from “the first truly global energy crisis.” IN THIS EPISODE, YOU’LL LEARN 00:00:00 - Intro 00:08:48 - How Bob Robotti lucked into the ideal job for an aspiring investor. 00:30:46 - How working for Mario Gabelli was like a one-on-one MBA. 00:36:56 - Why Bob thinks we’re in a new golden age for savvy stockpickers. 00:43:30 - Why he’s betting heavily on a “metamorphosis of the Old Economy.” 00:44:08 - How globalization is evolving as China loses its edge. 00:48:46 - Why energy-intensive US companies have a long-term advantage. 00:56:30 - Why owning the “Magnificent Seven” looks like a risky bet. 00:57:21 - What an era of persistently high inflation means for investors. 01:02:47 - How value investing has changed. 01:18:30 - How Bob is positioned for “the first truly global energy crisis.” 01:38:15 - How his life has been enriched by helping young people. 01:44:18 - What he learned from his wife and father about facing adversity. 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig and the other community members: https://theinvestorspodcast.com/mastermind 📈 Learn to invest like legend investors do — from the company that has interviewed them. Use YOUTUBE15 to get 15% off! https://theinvestorspodcast.podia.com/how-to-get-started-with-stocks 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - What Works In Markets & Life w/ John Spears: https://youtu.be/vWhd-9qOTjo - What I’ve Learned From Charlie Munger, Mohnish Pabrai, Tom Gayner, & John Spears: https://youtu.be/shM2_ARtudU - The Vigilant Investor’s Guide to Success in Stocks & Life w/ Chris Bloomstran: https://youtu.be/kM8Z7cWtKV4 - How to Win the Investment Game w/ Bryan Lawrence: https://youtu.be/ggSd95TRBKM 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/richer-wiser-happier/a-new-golden-age-w-bob-robotti/ 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life. 🌍 Website: https://www.theinvestorspodcast.com/richer-wiser-happier/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.