Stocks often trade above or below their fair value, which means active managers who choose stocks wisely can score huge eye-popping returns.
"What we're really looking for is opportunities where that dollar can also compound to be two, four, 10," Robotti said.
"People say, 'Oh, who cares if you buy a cheap stock, the market just won't ever pay attention.
When the economics of a business — even if people hate that business — are extremely strong, the stock follows."
"If you bought it at 20 cents on the dollar and it doubles, you don't sell it at 40 cents on the dollar," Robotti said.
Persons:
—, Bob Robotti, Robotti, that's, couldn't, James Carville, people's, he's
Organizations:
Service, Cornell, P Global, Business, drillers, Tidewater, GulfMark, Swire Pacific
Locations:
Houston