Tom Russo has been a partner at Gardner Russo & Gardner since 1989. He manages $3 billion as general partner of the Sempter Vic Partners and Semper Vic Partners (Q.P.) limited partnerships, as well as other funds. Russ0 has a 25-year cumulative return of 2754.9% compared to 979.9% for the S&P. Throughout his almost 30-year career, he has employed a consistent investing style, which is to buy quality, global holdings and hold for the radically long term (in some cases over two decades). Most of his stocks are in the food, beverage, advertising-supported media and tobacco industries. He prefers companies that are willing to make large investments in growth, even if it will cause the company’s short-term performance to suffer, and that have upstanding management (often family-owned), competitive moats and customer loyalty.
His top four holdings are Philip Morris International (PM), Nestle SA Reg (NSRGY), Berkshire Hathaway (BRK.A), CIE Financiere Rich (CFRHF). Continue Reading »