Global Value Investing | Thomas Russo | Talks at Google

“I consider myself to be a farmer-not a hunter. And I think most people on Wall Street are hunters. They like to fell big beasts and I’m very comfortable planting a few rows and just tending to them carefully.” - Thomas Russo
About the Talk
Mr. Russo looks forward to describing how that in his pursuit of long-term tax-deferred investment returns that he has favored investments in businesses whose global brands are well-position companies for reinvestment of mature market free cash flow into developing and emerging markets. Mr. Russo’s businesses accordingly possess the “capacity to reinvest” and managements who have the “capacity to suffer” when investments properly intended for longest term increase in intrinsic value on a per share basis burden as they often do, reported earnings in the near term.
This tradeoff between near-term pain and long-term gain is at the heart of his investments when properly executed, the benefit for taxable investors is the ability to build portfolio companies whose return are long term and tax deferred.
About the Speaker
Mr. Thomas A. Russo is the Managing Member of Gardner Russo & Gardner LLC, where he oversees $10 billion of “global value” equity investments invested through Semper Vic Partnerships as well as separately managed accounts. Mr. Russo is a Graduate of Dartmouth College (BA, 1977), and a Graduate of Stanford Business and Law Schools (MBA/JD, 1984). Memberships include Dean’s Advisory Council for Stanford Law School, Dartmouth College’s President’s Leadership Council, Heilbrunn Center for Graham & Dodd Investing (Columbia), Facing History and Ourselves, Winston Churchill Foundation of the United States, Storm King Art Center.

[@CJinsoo]

st 20:13 great discussion of power of consumer brands using global experiences. reminds me of being graduate student in mid-80s with a fellow student from mainland communist China. he told me that when he was traveling through the USA to get to our school, his first impression was that the golden arches of McDonalds must be another offcial government flag or symbol for the government authority. he was happy to learn that it was their brand.

[@bam1858]

Great talk. Thanks Thomas and Google for sharing!

[@CNHabs]

Geez I should have seen this talk earlier. 2015 was a good year to start buying and MA has since then gone from 90/share in mid 2015 to 220/share in Jan 2019

[@Vtgyvuvyvrcevrv]

Interesting talk. I think the speaker is conflating buying quality businesses with value investing, though. I can't recall one mention of buying cheaply. The whole talk is about quality.

[@user-mm8pm7ol3r]

A good company is not necessarily a good investment. I recommend Tobias Carlisle's lecture on Deep Value here on google talks for more info on that.

[@misorensen]

Thank you for a good video

[@bartoszdobroslaw9774]

Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.

[@bartoszdobroslaw9774]

@maria sandra That sounds great and how do i connect with her ?

[@bartoszdobroslaw9774]

@maria sandra Okay i just found her website and left a message for her. thanks.

[@hermannnovakovic9507]

I would love to hear more about his thoughts especially on Altria...

[@vivekkumarsingh1309]

Hello

[@vivekkumarsingh1309]

msg right away for ☝️📝 mentorship and advise

[@hermannnovakovic9507]

@@vivekkumarsingh1309 yeah sure

[@TheCorpRaider]

Where'd you get/sup with the Google SC t-shirt?

[@CJinsoo]

“we tend to benefit in life when we sacrifice something today to gain something in the future. this is true for individuals and businesses.”. apparently it is not true for governments and those who control the printing presses.

[@nbme-answers]

34:18 Berkshire, put options, & GE money markets

[@jameson6930]

One of the Baldwins can play this guy in a movie.

[@jameson6930]

I bought a Evans Williams whiskey once worst decision of my life. I actually threw the whiskey in the bartenders face. jk

[@vivekkumarsingh1309]

My life has totally changed since I started an investment of $60,000 and now earning over $57,000.

[@renee3356]

This lecture could have been so much better...also disappointed.

[@zinDzung]

sometimes we should scare them so they do not know that I'm telling the truth or a joke, it is one strategy to the enemy could not guess there are advantages

[@lauho88]

Carroll robersn

[@lauho88]

Carroll Roberson hymns