Warren Buffett’s Enduring Influence Explained

WEALTHTRACK
WEALTHTRACK
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Published 2022-09-23
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.

00:00 Hello
00:34 Introduction to Interview
02:56 Interview with Tom Russo
23:40 One Investment
24:23 Action Point

#warrenbuffet #berkshirehathaway
WEALTHTRACK #1913 broadcast on September 23, 2022

More Info: wealthtrack.com/how-a-concentrated-portfolio-of-gl…

Part 1 on portfolio concentration: wealthtrack.com/how-a-concentrated-portfolio-of-gl…

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

Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger:
amzn.to/3UxRatE
All Comments (11)
  • @audiophileman7047
    It was good to see a graphical demonstration of how bad Bitcoin is as a gamble. I will not call buying Bitcoin an investment. It is plain and simple gambling, and eventually all gamblers lose.
  • @amirjon
    Confused. Semper Vic Partners? Did that becomes Gardner Russo & Quinn?
  • @jasonwhiteley3612
    Slightly misleading the comment that most of the out performance came in the early years it did have higher returns on equity in the early years but has kept earning high returns on equity just a bit lower as the law of large numbers plays it part.The stock was trading at a premium to long term return in the 80’s & now is trading below its long term roe.This is reason the most successful stock picker in history is buying his own while in the previous 50 years he never did.But the comment”most of his out performance came in the early years” will mislead investors into missing the value that Berkshire is relatively cheap compared to most of large caps on the S&P & like the google & MSFT (also cheap)have done it with no debt
  • @lkochal1
    May I ask why you are watching this video if you are profiting from trading and mentioning your Investor’s name? Seems strange and also those 16 replies who happened to watch this same video and concur with your comment? Great way to put a plug in for someone else…
  • @mikkimikki5376
    Was it two or three years ago that WB bought huge into MINERS . Sure looks as if he needed a loss to do a carryover for these years. 😆🤭🥴🙉🙈🙊
  • @765lbsquat
    cash is trash when real inflation is 20-30% a year
  • @sonnyjohnson8887
    Buffet became a billionaire not by investing his own money , but by investing other people's money in his business .. stop making the guy out to be a saint .. just an old lucky boy 🥹