A Winning Strategy Earnings, interest rates, investor psychology and the stock market
Mario J. Gabelli
From the Print Edition:
Kevin Spacey, Jan/Feb 02
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In closing, I repeat my comments from the end of my last column in Cigar Aficionado: "Investors today are faced with an easy choice -- fretting over the short-term prospects for the economy and the market, or taking the longer view that recessions and bear markets present excellent long-term investment opportunities. It always takes courage to invest in depressed markets, but if you focus on fundamentally sound businesses trading at bargain prices, your courage is generally rewarded."
Mario J. Gabelli is the founder and chairman of Gabelli Funds Inc.