Corner of Berkshire & Fairfax Message Board
General Category => General Discussion => Topic started by: jacobwolinsky on October 24, 2011, 11:17:53 AM
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Thought you guys would be interested. I conducted an interview with Tom Russo (about 14 pages of text), and just posted it. He was one of the first global value investors (great 25+ yr track record)-http://www.valuewalk.com/interviews/exclusive-interview-famous-investor-tom-russo/ http://www.valuewalk.com/interviews/exclusive-interview-famous-investor-tom-russo/ (http://www.valuewalk.com/interviews/exclusive-interview-famous-investor-tom-russo/)
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Thanks Jacob!
Gurufocus has an interview coming up with him soon and people can ask questions here:
http://www.gurufocus.com/news/148337/ask-your-investment-questions-to-tom-russo
A lot less questions so far than Prem got last month so shoot away, big chance you're question gets an answer. :)
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Thanks! It was mostly a monologue that he told me to put into an interview format. I had a lot more questions I wanted to ask him.
Btw- he is a super nice guy.
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Absolutely wonderful interview...
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Thanks Jacob.
There was also a wealthtrack interview with Tom Russo a few weeks ago. Fascinating to see different investing styles. Holding Nestle since 1987 through all twists and turns - that takes patience !
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Great stuff.
I particularly enjoyed the "capacity to suffer" concept. A very valuable trait to find and important one shared by some of the great investors. Very important in the insurance business as well!
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Is his fund still open?
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No idea, considering he manages $6billion (and has a fantastic track record) he is pretty unknown even in the value circles.
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He manages money with Gardner, Russo & Gardner. They manage both separate accounts and some pooled money. The firm is based in Lancaster, PA.
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Great post thank you.
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Gardner, Russo & Gardner's Q4 13-F is out and they are reporting over 100 new positions(!). Now these are all tiny, so perhaps they are essentially tracking positions, but it certainly seems to be a list of companies that might be worth searching through:
http://www.rocketfinancial.com/Holdings.aspx?id=386&fC=1
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They appear to have added nearly ~$800M worth of Anheuser-Busch InBev.
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They appear to have added nearly ~$800M worth of Anheuser-Busch InBev.
Nah. The rocket financial report is incorrect. They only added about 90,000 shares... roughly $9 million.
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Gardner, Russo & Gardner's Q4 13-F is out and they are reporting over 100 new positions(!). ...
Quite weird to observe indeed. - Especially if one look at those particular trackers. Incoming capital/accounts to be reallocated?
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Gardner, Russo & Gardner's Q4 13-F is out and they are reporting over 100 new positions(!). ...
Quite weird to observe indeed. - Especially if one look at those particular trackers. Incoming capital/accounts to be reallocated?
I think Tom runs a bunch of individual accounts as well, so some of those positions may be inherited.
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Gardner, Russo & Gardner's Q4 13-F is out and they are reporting over 100 new positions(!). ...
Quite weird to observe indeed. - Especially if one look at those particular trackers. Incoming capital/accounts to be reallocated?
I think Tom runs a bunch of individual accounts as well, so some of those positions may be inherited.
Yes - it's a bunch of individual accounts.
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New Russo podcast:
https://capitalallocatorspodcast.com/2019/03/03/russo2a/
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20 minute interview with Tom Russo (from 2016):
https://www.youtube.com/watch?v=yCpd_3aLHQM&feature=youtu.be
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Russo Q1 letter:
https://moiglobal.com/wp-content/uploads/Semper-Vic-Partners-L.P.-Letter-to-Investors-April-2020.pdf
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Thanks - look forward to this - never seen a letter by him, just read the interviews, and was immediately taken by the whole 'capacity to suffer' etc.
Can't remember if you know Lindsell Train, a sensational outfit who are a relative comparator in the UK. They have a bunch of very good think-pieces on their website that I think you'd enjoy if you haven't already.