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Wednesday, April 17, 2024

Gabelli started buying Buffett’s Berkshire on the cheap in 1986. His stake is now worth $83 million

  • Mario Gabelli told CNBC he first bought shares of Warren Buffett's Berkshire Hathaway in 1986.
  • The Gamco Investors CEO has made a return of nearly 6,200% based the stock's price Monday, showing the power of buy-and-hold investing.
  • Gabelli's interview came two days after Buffett, widely seen as one of the greatest investors of all time, released his annual letter to shareholders.

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