Legendary investor Mario Gabelli has long been a fan of stocks in the booze industry.
Earlier this week, he shared why he continues to be bullish on booze during an exclusive webinar with Hedgeye CEO Keith McCullough.
|
“In 1955 there were 2.8 billion people in the world. Now there are 7.5 billion and 3 billion of those people are in India and China,” Gabelli says in the clip above. “As far as I can tell, the Chinese like to gamble and drink and the Indians are the same way, as opposed to other parts of the world.” |
Gabelli also shares his thoughts on a newer (and somewhat controversial) industry: marijuana stocks.
So which booze stocks does Gabelli like? Watch the video above to find out.
Click here to get free access to the entire conversation with Mario Gabelli.