Episode notes
In this episode of AUM, we are joined by Bob Robotti, President and Chief Investment Officer of Robotti & Co.
Bob delves into his career in value investing that spans over five decades. Bob shares insights on the cyclical nature of finance versus the cumulative nature of science and engineering. He recounts his early auditing experiences with Tweedy Brown and Gabelli, highlighting how they shaped his investment approach.
The discussion covers the importance of timing, identifying value investments in cyclical industries, and the competitive advantages of energy-intensive businesses in North America. Bob also talks about his investment process, the significance of board involvement, and advice for new investors entering the industry.
01:49 Bob's Early Career and First Exposure to Investing
04:24 The Rise of Value Inve ...