WARREN BUFFETT’S ENDURING INFLUENCE IS EXPLAINED BY SUCCESSFUL GLOBAL VALUE INVESTOR TOM RUSSO
Part 2 of 2
This week’s guest is a longtime holder of Berkshire stock and has been an avid student of Buffett’s style of value investing since meeting the legendary investor at Stanford Business School in the early 1980s. He is Tom Russo, managing member of the investment advisory firm Gardner Russo & Quinn, where he oversees the Semper Vic Partners Funds, which he launched in 1983 after hearing Buffett address his class at Stanford.
The global value manager focuses on owning a small group of exceptionally well-managed, well-known brand name firms, many family-owned, with dominant, almost unassailable positions in their mostly consumer-oriented businesses, and then holding them pretty much forever. Berkshire Hathaway has consistently been one of his largest positions. In this weekend’s interview, we will learn how Buffett’s talk in graduate school made such a huge impression on him.
Part 1 on portfolio concentration is available here.
WEALTHTRACK Episode #1913 broadcast on September 23, 2022
Listen to the audio-only version here:
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THOMAS RUSSO
- Managing Member & Portfolio Manager, Semper Vic Partners
- Managing Member, Gardner Russo & Quinn
ACTION POINT
NEVER RISK GETTING CAUGHT SHORT OF CASH
- Cash is king when you need it
- Have a stash on hand to meet emergencies & opportunities
BOOKSHELF
ONE INVESTMENT
GROWING GLOBAL VALUE
Buy Nestle SA Sponsored ADR (NSRGY)
STOCK MENTIONS
Berkshire Hathaway Inc Cl A (BRK.A)
Nestle SA Sponsored ADR (NSRGY)
Pernod Ricard SA ADR (PRNDY)
Compagnie Financiere Richemont SA (CFRUY)
FROM THE ARCHIVE
Tom Russo from the WEALTHTRACK Archives:
More Discussion about Warren Buffet:
WEB EXTRA
CHURCHILLIAN INSPIRATION
Global value investor Tom Russo explains how a visit to Churchill’s war rooms in London inspired him to get involved in the Winston Churchill Foundation of the United States. Founded in 1959 with Churchill’s approval, the foundation provides scholarships to American students for advanced research studies at Churchill College, Cambridge.
