ValueWalk's Raul Panganiban interviews Bob Robotti the president and CIO of Robotti Value Investors. In this part, Bob discusses his energy investments, the earnings power of the businesses, determining disparity between price and value, if ETFs are a momentum-oriented thing, active vs passive management, and his sell discipline.
Q2 hedge fund letters, conference, scoops etc
- See part 1 here.
- See part 3 here.
- See part 4 here.

Raul: What kind of cyclical businesses?
Bob: Probably in 1976 I bought my first energy-related business. I do have a significant out-weighting in energy investments. That’s traditional oil and gas. It tends to be...

