Monetary Matters with Jack Farley Patient Value Investing and America’s Industrial Advantage | Bob Robotti
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May 29, 2025 Bob Robotti, President and CIO of Robotti and Company Advisors, has over 30 years of value investing experience. In this engaging conversation, he discusses the merits of long-term capital and investing in companies facing headwinds. He highlights the unique competitive advantages of American industrial firms, unaffected by trade policies. Bob also shares insights on evaluating business value through cost of replacement metrics and the strategic importance of navigating challenges in markets like lumber. His dual role in advisory and brokerage showcases a unique perspective on value investing.
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Value of Patient Capital
- Bernard Baruch said data and information is no substitute for thinking.
- Today’s market volatility and short-term focus create opportunities for patient investors to buy low at discounted growth stocks.
Investing in Companies With Headwinds
- Investing in companies with headwinds offers significant returns if structural growth is likely.
- Economic cycles and capital consolidation create catalysts for value to emerge in depressed industries.
North American Industrial Advantage
- North America has a sustainable competitive advantage due to low energy costs.
- Companies here benefit from excess profits unaffected by government policies like tariffs or subsidies.