"Whoever is elected we know that you are going to have infrastructure spending," said Gabelli, about an area of opportunity for investors.
Gabelli is the chairman and CEO of Gamco Investors, which is one of the largest shareholders of Viacom and CBS.
In this exclusive interview with CNBC, he also discusses:
- His views on the market and rates.
- Whether Netflix or Twitter could be takeover targets.
- Trends in media, and how to invest in them.
- Some of his favorite stocks right now, including a maker of components for luxury cars.