Tom Russo is the Managing Member of Gardner Russo & Gardner.  Tom and I sat down in Episode 16 to discuss his background and investment strategy in what was one of the most popular episodes on the show.  He oversees $13B in a global value strategy focused on family-operated public companies.

Our second conversation is a two-part episode for this week and next.  First, we talk solely about his holding in Berkshire Hathaway, a stock he first bought 38 years ago.

The conversation covers Tom’s initial purchase of Berkshire, company meetings, reaffirming his thesis and search for disconfirming information, the genius of Warren Buffett, research on Mitek, cross-fertilization of Berkshire’s CEOs, the subdivisions of insurance, public market investments and regulated businesses, valuation, compensation, Berkshire after Warren, and Tom’s sell discipline.

We close with a teaser for next week’s episode, as Tom reveals the name of the first significant stock he’s bought for his clients in eight years.

Learn More

 

Discuss show and Read the Transcript

 

Join Ted's mailing list at CapitalAllocatorsPodcast.com

 

Join the Capital Allocators Forum

 

Write a review on iTunes

 

Follow Ted on twitter at @tseides

 

For more episodes go to CapitalAllocatorsPodcast.com/Podcast