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Mario Gabelli reveals second-half playbook

from CNBC

With stocks setting new all-time highs, legendary value investor Mario Gabelli shared three of his top picks for the second half of 2014. "The market — based on earnings, based on multiples, based on valuations — is OK, but there's no margin of safety, and you can have a shock," he said on CNBC's "Halftime Report." Gabelli, who oversees $48 billion in assets as CEO and chairman of the Gabelli Funds, took into consideration potential risks in equity markets. more

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