Exclusive Interview with Tom Russo

[jacobwolinsky]

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/

[Valuebo]

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.  :)

[jacobwolinsky]

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.

[ourkid8]

Absolutely wonderful interview... 

[QLEAP]

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 !

[Grenville]

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!

[Guest]

Is his fund still open?

[jacobwolinsky]

No idea, considering he manages $6billion (and has a fantastic track record) he is pretty unknown even in the value circles.

[dcollon]

He manages money with Gardner, Russo & Gardner.  They manage both separate accounts and some pooled money.  The firm is based in Lancaster, PA.

[Green King]

Great post thank you.

[educatedidiot]

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

[tefl0n]

They appear to have added nearly ~$800M worth of Anheuser-Busch InBev.

[rb]

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.

[John Hjorth]

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?

[cubsfan]

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.

[voyager]

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.

[Liberty]

New Russo podcast:

 

https://capitalallocatorspodcast.com/2019/03/03/russo2a/

[Liberty]

20 minute interview with Tom Russo (from 2016):

 

 

 

[Liberty]

Russo Q1 letter:

 

https://moiglobal.com/wp-content/uploads/Semper-Vic-Partners-L.P.-Letter-to-Investors-April-2020.pdf

[thowed]

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.