Money and Finance
- Berkshire Seen Failing Buffett 5-year Test For First Time
Warren Buffett probably missed his target for the first time in 44 years. Berkshire Hathaway Inc., his $292 billion company, is poised to report that it failed to increase net worth more rapidly than the Standard & Poor’s 500 Index during the past...
- Learning From Superinvestors: The Wisdom Of Tom Russo
Tom Russo on the First Factor to Look at when Analyzing a Company Thomas A. Russo (transcript): “Well for me it would be the people. It would be who owns it and then it would be kind of who runs it, what’s the quality of the management team—it’s...
- Random Links
Just a bunch of random things that might be worth reading if you've never come across them: An Hour with Mr. Graham All Strategy Is Local Jeremy Grantham: July 2006 Letter, which includes Everything I Know About the Market in 15 Minutes - Or...
- Notes From Tom Russo's Presentation At The Value Investing Congress
Notes from Market Folly (notes from other presentations are on the site as well). In Omaha, Bruce Greenwald sat on a panel at Creighton University and also recommended Nestlé, saying that he thought it was the safest stock to own for the next 20...
- Considering Management's "capacity To Suffer"
Earlier this week, Brattle St. Capital shared an interview transcript (originally posted on ValueWalk) with noted investor Tom Russo in which Russo discussed the importance of investing in companies with management teams that have the "capacity to suffer":...
Money and Finance
Tom Russo Barron's Interview
Found via Canadian Value Investing.
When it comes to industries like tobacco, beer, and spirits, few investors are better versed than Thomas Russo.
A partner at Gardner Russo & Gardner in Lancaster, Pa., Russo manages $5 billion, including the $500 million Semper Vic partnership that has generated a compound annual return of 12.3% since 1992, versus 8.3% for the S&P 500 index.
Russo is a believer in companies like Nestlé, Brown-Forman, Heineken Holding, Philip Morris International, Richemont, and Unilever, many of which he has owned for more than two decades.
Also a longtime holder of Berkshire Hathaway, Russo shares Warren Buffett's fondness for companies with great brands and international opportunities that can generate steady growth over long periods. Russo runs a concentrated portfolio with low turnover, and passionately follows his investments. Want to know about the Chinese liquor market, or the sub-Saharan beer business? Russo is your man. Barron's recently asked him what global brands have cachet and staying power, and why he favors some European companies over their American counterparts.
- Berkshire Seen Failing Buffett 5-year Test For First Time
Warren Buffett probably missed his target for the first time in 44 years. Berkshire Hathaway Inc., his $292 billion company, is poised to report that it failed to increase net worth more rapidly than the Standard & Poor’s 500 Index during the past...
- Learning From Superinvestors: The Wisdom Of Tom Russo
Tom Russo on the First Factor to Look at when Analyzing a Company Thomas A. Russo (transcript): “Well for me it would be the people. It would be who owns it and then it would be kind of who runs it, what’s the quality of the management team—it’s...
- Random Links
Just a bunch of random things that might be worth reading if you've never come across them: An Hour with Mr. Graham All Strategy Is Local Jeremy Grantham: July 2006 Letter, which includes Everything I Know About the Market in 15 Minutes - Or...
- Notes From Tom Russo's Presentation At The Value Investing Congress
Notes from Market Folly (notes from other presentations are on the site as well). In Omaha, Bruce Greenwald sat on a panel at Creighton University and also recommended Nestlé, saying that he thought it was the safest stock to own for the next 20...
- Considering Management's "capacity To Suffer"
Earlier this week, Brattle St. Capital shared an interview transcript (originally posted on ValueWalk) with noted investor Tom Russo in which Russo discussed the importance of investing in companies with management teams that have the "capacity to suffer":...