Tocqueville's Robert Kleinschmidt: “Value Investing Is A Marathon”

Steve Forbes interviews Robert Kleinschmidt, President, CEO & CIO, Tocqueville Asset Management LP in the series “Intelligent Investing w/ Steve Forbes.” Described as an all-cap, contrarian value manager, Kleinschmidt has managed the Tocqueville Fund since 1992. He has a BBA from the University of Wisconsin, an MA from the University of Massachusetts and is qualified as a CFA. In his inimitable style, Forbes draws out Kleinschmidt on a host of investing topics ranging from index funds to gold and small caps. On index funds According to Kleinschmidt, most investors underperform the indices because they are unable to divorce their emotions…