Robotti Response to Market Sell-off, Coronavirus_March 10, 2020How are we at Robotti & Company maintaining our calm during such scary times? First, we hope you and your family are healthy and well stocked in terms of food, water and medicine. We should also note that our office is currently healthy. We have much of our team working remotely, and we have systems in place to facilitate more tele-working for as long as needed.
From an investing perspective, our ability to personally speak with the CEOs of our core holdings within hours of the markets halting is something which we are proud to share with our investors.
We are contrarian investors. Our decades of investing informs our view that “Mr. Market” is providing opportunities. As such, we, if anything, only have increased conviction in the companies in which we invest at this time and are investing opportunistically. Attached are our full comments.
While we will continue to provide updates and reach out, please also reach out to Lindsey Sichel Rubinstein at firstname.lastname@example.org or others on the team for questions.