Mr. Schlitten finds Mario Gabelli as a great inspiration for his students because of his transparency. Mr. Schlitten believes anyone can value invest. He compares it to getting good grades in school. Everyone does it differently.
Mr. Gabelli is more than happy to let others see how he operates and look at what he does. His strategy is no secret. The trick is, you must be willing to put in the work and stick to the grind of what works. Most are not willing to do that. One skill that Mr. Schlitten wants to teach his class is to take all your emotions out of investing and analyze a company properly. He believes that stocks will go up and down on a daily basis, but great companies will finish strong in the long run. He also wants his students to look at the big picture and details. He sees investing as more than looking at a chart or reacting to others. It is about due diligence, looking at multiple sources for information and looking at something past, present, and future. Too often in life, we just look at the now.