Part 2 of 2
What does it take to make it into Semper Vic Partners’ concentrated portfolio of global brand-name companies? Founder, long-time portfolio manager, and leading value investor Tom Russo identifies the key attributes shared by his sixteen holdings.
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THOMAS RUSSO
Managing Member, Semper Vic Partners
On May 3rd of this year, Warren Buffett made the surprise, but long-anticipated, announcement that he was ready to retire as CEO of Berkshire Hathaway and assume a less active role. However, the nonagenarian still plans to go to the office on a regular basis.
As long-time WEALTHTRACK guest, The Intelligent Investor columnist, and veteran Buffett follower Jason Zweig put it in The Wall Street Journal: “There’s only one Warren Buffett, and there will never be another.”
This week’s guest is a long-time holder of Berkshire stock and has been an avid student of Buffett’s style of value investing ever since meeting the legendary investor at Stanford Business School in the early 1980s.
This is the second of a two-part interview with Tom Russo, Managing Member and Chairman of the investment management firm Gardner Russo & Quinn, where he oversees Semper Vic Partners’ private funds, which he launched in 1983, after hearing Buffett address his class.
ACTION POINT
RUSSO: TURN THE PAGE
ONE INVESTMENT
RUSSO: UNCERTAINTY INSURANCE
BUY BERKSHIRE HATHAWAY
Berkshire Hathaway Class B (BRK.B)
Price: $482.63 on 7/23/25
52-week range: $406.11 – $542.07
STOCK, BOND, FUND MENTIONS
- Berkshire Hathaway Inc. stocks: Class A (BRK.A) & Class B (BRK.B)
- Nestlé S.A. ADR (NSRGY)
- Philip Morris International (PM)
- Heineken Holding N.V. (HKHHY)