On Warren Buffett’s birthday today, CNBC brought on two investment managers inspired by him, Tom Russo, Gardner, Russo & Gardner, and Mike Shinnick, Wasatch Long-Short Fund to discuss where to find value.
Apparently a Buffett admirer as he owns a good chunk of Berkshire Hathaway in his fund, Russo has turned his attention primarily on companies overseas. He thinks the opportunities of reinvestment are more abundant and it is easier to establish a brand name is some of the market just opening up.
Specifically, Russo discussed Nestle SA (NSRGY, Financial). He likes company because the fear of Euro collapse has beaten down the stocks. In reality, the company is deploying cash flow from the mature market to emerging market.
Mike Shinnick on the other hand, like Loews Corp. (L, Financial). He thinks the company is traded at about 25% discount from the portfolio of businesses. The company is very well-run by a family operator and is essentially a “mini-Berkshire”.
Watch the interview:
GuruFocus tracks Tom Russo’s stock portfolio, click here to see his stock portfolio and investment activities.
Tom Russo’s investment theme can be summarized by “eat, drink, smoke, watch TV and be merry”. Indeed, for about 30 years, he has been sort of staying in his “circle of competence” food, tobacco, media, and beverage companies, more overseas than domestic. It has been reported that his performance for the past ten years has been around 8% while S&P 500 had a down decade.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Tom Russo for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
Apparently a Buffett admirer as he owns a good chunk of Berkshire Hathaway in his fund, Russo has turned his attention primarily on companies overseas. He thinks the opportunities of reinvestment are more abundant and it is easier to establish a brand name is some of the market just opening up.
Specifically, Russo discussed Nestle SA (NSRGY, Financial). He likes company because the fear of Euro collapse has beaten down the stocks. In reality, the company is deploying cash flow from the mature market to emerging market.
Mike Shinnick on the other hand, like Loews Corp. (L, Financial). He thinks the company is traded at about 25% discount from the portfolio of businesses. The company is very well-run by a family operator and is essentially a “mini-Berkshire”.
Watch the interview:
GuruFocus tracks Tom Russo’s stock portfolio, click here to see his stock portfolio and investment activities.
Tom Russo’s investment theme can be summarized by “eat, drink, smoke, watch TV and be merry”. Indeed, for about 30 years, he has been sort of staying in his “circle of competence” food, tobacco, media, and beverage companies, more overseas than domestic. It has been reported that his performance for the past ten years has been around 8% while S&P 500 had a down decade.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Tom Russo for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
