This episode'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.

WEALTHTRACK #1913 broadcast on September 23, 2022

More Info: https://wealthtrack.com/how-a-concentrated-portfolio-of-global-brand-name-companies-is-faring-in-this-challenging-market/

Part 1 on portfolio concentration: https://wealthtrack.com/how-a-concentrated-portfolio-of-global-brand-name-companies-is-faring-in-this-challenging-market/

The Winston Churchill Foundation of the United States: https://www.churchillscholarship.org/

Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger:

https://amzn.to/3UxRatE