What would you suggest to young people trying to break into the industry? It seems degrees, CFA's, etc. are not enough anymore, especially as money moves from active to passive management at record speeds. Even for me personally, as a PM at a small hedge fund in a major city who holds a degree from a top school and the CFA charter it's almost impossible to even land an interview outside of my network.
What's the best advice ever given to you, be it for investing, life, or anything else?
It seems there's significantly more value placed on intangible assets as they have "out valued" tangible assets in America. How have you changed the way you look at companies in these times of growth/momentum stocks dominating the markets? How does a value investor continue to operate under the same principles given markets don't seem to value "value" at least in the present moment? I know that value investors care far less about what's happening in the markets at any given moment but it seems that it would be harder to keep your investor base, especially as millennials, the primary users of these highly valued assets (FB/GOOG/SNAP/etc) begin to command a higher % of the money given to managers.
Cheap shot: I'm what you'd consider a "PHD". When do I start at GAMCO?
Thank you very much. Appreciate that you're adopting social media and think it's a wise choice.
shoozqs8 karma
Hi Mario, thanks again for doing this.
What would you suggest to young people trying to break into the industry? It seems degrees, CFA's, etc. are not enough anymore, especially as money moves from active to passive management at record speeds. Even for me personally, as a PM at a small hedge fund in a major city who holds a degree from a top school and the CFA charter it's almost impossible to even land an interview outside of my network.
What's the best advice ever given to you, be it for investing, life, or anything else?
It seems there's significantly more value placed on intangible assets as they have "out valued" tangible assets in America. How have you changed the way you look at companies in these times of growth/momentum stocks dominating the markets? How does a value investor continue to operate under the same principles given markets don't seem to value "value" at least in the present moment? I know that value investors care far less about what's happening in the markets at any given moment but it seems that it would be harder to keep your investor base, especially as millennials, the primary users of these highly valued assets (FB/GOOG/SNAP/etc) begin to command a higher % of the money given to managers.
Cheap shot: I'm what you'd consider a "PHD". When do I start at GAMCO?
Thank you very much. Appreciate that you're adopting social media and think it's a wise choice.
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