In a recent WealthTrack interview with Consuelo Mack, veteran investor Tom Russo discussed why he has continued to follow Warren Buffett’s investing principles for over three decades. Here are some highlights: According to Russo, one of the biggest benefits to investors for holding Berkshire Hathaway stock is the alignment of management’s interest with those of shareholders. Berkshire management, he explained, focuses on enhancing the intrinsic value on a per-share basis. Russo argued that most CEOs… Read More
If you are one of the many investors who want the companies in which you invest to return just about any excess cash to shareholders via dividends or stock buybacks, you probably haven’t been a fan of Tom Russo’s portfolio over the past quarter-century. And that is too bad for you.
If you are one of the many investors who want the companies in which you invest to return just about any excess cash to shareholders via dividends or stock buybacks, you probably haven’t been a fan of Tom Russo’s portfolio over the past quarter-century. And that is too bad for you.