Tom Russo @Google On “Global value”- Capacity To Reinvest

Tom Russo talks @Google Talks Published on Feb 26, 2018


Thomas Russo describes the important ingredients of his tax-efficient, long-term buy-and-hold approach to “global value” equity investments. He touches upon the two aspects most important to his investments:

1. Reduction of Agency Costs 2. The “Capacity to Reinvest” Mr. Russo’s presentation, in addition, focuses on factors which form a sort of checklist which Mr. Russo observes when attempting to reduce risks in his search for global returns. Mr. Russo addresses a handful of investments which failed to deliver expected returns, believing that as Mr. Buffett is prone to say that ‘good decisions come from good judgment, and good judgment comes from bad decisions’. Finally, Mr. Russo shares some personal reflections from his professional lifetime of “global value” equity investments. Such references cluster around the “Big Cs”: 1. Compound Interest 2. Character 3. Culture 4. Capacity to do Nothing



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