We Study Billionaires - The Investor’s Podcast Network

RWH046: A New Golden Age w/ Bob Robotti

138 snips
Jun 23, 2024
Guest
Bob Robotti
Bob Robotti, President & Chief Investment Officer of Robotti & Co., shares his insights as a seasoned investor with a 40-year track record of beating the S&P 500. He discusses why we may be entering a 'new golden age' for value investors and emphasizes the potential of Old Economy businesses. Bob predicts ongoing high inflation and outlines how globalization is shifting with China's changing role. He also shares his strategies for navigating the looming global energy crisis and the importance of mentorship in his personal journey.
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INSIGHT

Evolution of Globalization

  • The evolution of globalization, not deglobalization, creates advantages for specific regions.
  • North America benefits from abundant natural gas, providing a competitive edge in energy-intensive businesses.
INSIGHT

Energy Overweighting

  • Robotti heavily invests in energy, particularly in offshore service companies.
  • He focuses on undervalued picks and shovels plays, aligning with macro trends.
INSIGHT

Global Energy Crisis

  • The world faces its first truly global energy crisis with tight supply and increasing demand.
  • This affects both fossil fuels and renewables, creating investment opportunities.
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