Investing Behind the Tailwind of American Prosperity
Interview with Mac Sykes, Portfolio Manager of the Gabelli Financial Services Opportunities Fund
This week we released a great interview with Macrae Sykes, the PM of the Gabelli Financial Services Opportunities Fund. Mac is in expert in financial services space and made a compelling argument for why the companies in his portfolio will continue to benefit from the tailwind of American prosperity. In this in-depth conversation, we discussed:
· The major tailwinds he and his team believe are supporting the companies in the portfolio;
· How technology is transforming and impacting the incumbents in the financial services industry;
· The future of Berkshire Hathaway as we approach an inevitable change in leadership;
· Portfolio construction and especially concentration; and
· How the big money center banks are positioned to weather the next credit cycle.
Please enjoy the full interview here:
One thing I am always curious about is where sector specific funds fit within a broader investment portfolio. So, I asked Mac about what his specific fund adds to someone's current asset allocation. In this clip, Mac highlights the fact that holdings such as Berkshire Hathaway and JPMorgan Chase make the fund more diversified than it might appear at first glance.
The podcast train rolls on and next week we will release an episode with a very versatile portfolio manager who has teamed up with a famous author/academic to build a unique investment firm.
Thanks for continuing to follow Compounders,
Ben