C-Suite Buy of the Week: General American Investors, Inc. ($GAM)

Benzinga · Oct 31 22:06

Things just got interesting at a 97-year-old mutual fund.

General American Investors is a closed-end fund that opened in 1927 during the boom years of the 1920s.

When this fund started investing capital for its shareholders, bathtub gin flowed, and the flappers did the can-can.

General American Investors (Ticker: GAM) is a closed-end fund, so thanks to the fickleness of retail investors and the psychological soup that is the stock market, the fund can and does trade at a discount to the value of the stocks, bonds, and cash it owns.

Currently, the fund trades for 14.5% less than...

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C-Suite Buy of the Week: General American Investors, Inc. ($GAM)

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