Buffett's Enduring Influence

From the latest episode of WealthTrack comes another seminar on the impact Warren Buffett has had on the entire investing universe. There are lessons always to be learned here.  Hope everyone is having a good weekend.  

Buffett's Enduring Influence

December 2, 2022

Dear WEALTHTRACK Subscriber,

It’s the final week of the holiday fundraising season for Public Television. Because regular programming is preempted on most stations we are revisiting a recent,   popular interview from successful global value investor, Tom Russo where he discusses Warren Buffett’s enduring influence on him and his investing.  

According to Barron’s between 1965 when Warren Buffett purchased the former textile company, and the end of 2021 the conglomerate’s stock has delivered a compound annual return of 20.1% versus 10.5% for the S&P 500. As Barron’s points out, most of that outperformance versus the index came in the early years when Buffett racked up huge gains in the stock market, but Buffett has more than held his own since.

Russo, a longtime holder of Berkshire stock and avid student of Buffett’s style of value investing is managing member of the investment advisory firm Gardner Russo & Quinn, where he oversees the Semper Vic Partners Funds, which he launched in 1983, not long after hearing Buffett address his class at Stanford Business School.  

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. 

If you miss the show on public television, you can watch it on our website over the weekend, along with all of our past programs and our guests’ One Investment recommendations.  You can also find the WEALTHTRACK podcast on Stitcher and SoundCloud as well as iTunes and Spotify.

Have a super weekend and make the week ahead a healthy, profitable and productive one!

Best regards,

Consuelo