Closing Bell Closing Bell Overtime: Investing Through Tariff Turmoil with Mario Gabelli; Private Credit Markets Underpricing Risk? 10/14/25
Oct 14, 2025
Mario Gabelli, a veteran investor and CEO of GAMCO Investors, shares insights on navigating investment amid rising tariffs and reveals stock picks like National Fuel Gas and BNY. Larry Culp, GE Aerospace's CEO, discusses robust aerospace demand, innovative workforce training, and AI's transformative role in manufacturing and engine maintenance. Together, they explore the implications of tariffs on industries and the potential risks in private credit markets, highlighting innovation and adaptability as key strategies for investors.
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Episode notes
AI Is Revolutionary But Uneven
- Gabelli compares AI to the printing-press revolution and expects broad economic adjustment, not uniform winners.
- He warns that massive capital flows into AI mean many investors will not make money.
Buy Asset-Backed, Value Names
- Buy specific, undervalued companies that own strategic assets rather than chasing hype-driven megacaps.
- Gabelli recommends National Fuel Gas as a value play with buybacks and dividend potential.
Private Credit Growth Raises Red Flags
- Gabelli warns private credit growth is an unregulated expansion that can produce defaults like past cycles.
- He suggests caution because poorly underwritten loans will surface as more bankruptcies.