Published on 20 Sep 2022 on Insider Monkey via Yahoo Finance

10 Long-Term Stocks to Buy According to Billionaire Mario Gabelli

In this article, we discuss the 10 long-term stocks to buy according to billionaire Mario Gabelli. If you want to read about some more stocks in the Gabelli portfolio, go directly to 5 Long-Term Stocks to Buy According to Billionaire Mario Gabelli.

The investing acumen of legendary value investors like Mario Gabelli of GAMCO Investors has come under increased media spotlight in recent months as rising rates and soaring inflation wreaks havoc with the stock market. Gabelli, who is known for keeping a low profile, recently appeared on news platform CNBC to outline his thoughts on the macroeconomic environment, saying that it was important that investors take a “microscope” to the fundamentals, like balance sheets, before making important decisions. 

Gabelli, who manages a Q2 2022 equity portfolio worth over $9 billion that includes prominent names like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Meta Platforms, Inc. (NASDAQ:FB), added that he liked “agriculture companies” because there were around $535 billion likely to go into the sector this year, up from around $405 billion in the previous year, and this would enable these stocks to significantly outperform the market within the next twelve months.