Mario Gabelli

Mario Gabelli founded Gabelli Funds (later GAMCO Investors) in 1977, developing a distinctive value investing approach centered on the concept of "Private Market Value with a Catalyst." PMV refers to the price a knowledgeable buyer would pay in a private transaction for the entire business — and a catalyst is a specific event or development that will unlock that value for public market shareholders. Gabelli developed deep expertise in cable television, media, and telecommunications companies, particularly understanding the value of spectrum licenses, cable franchises, and other regulatory assets. GAMCO manages multiple mutual funds and closed-end funds, and Gabelli has maintained a close connection to his Italian-American community in the Bronx. His television appearances, particularly on CNBC and Bloomberg, have made him one of the most recognizable individual investment personalities in US financial media, reaching audiences far beyond the institutional investor base that constitutes his primary client constituency.