Note: This post was originally published in the April 2018 issue of Value Investing Almanack. To read more such posts and other deep thoughts on value investing, business analysis and behavioral finance, click here to subscribe to VIA.
For many world-famous value investors, their interest in the field can be traced back to Warren Buffett.
In 1982, Thomas Russo was a business student at Stanford University when he attended Buffett’s talk. He was simply dazzled by the speed of Buffett’s mind and his knack for weaving profound investing lessons with stories and rib-tickling quotes. Russo was hooked for life and chose to pursue a career in value investing.
Today, Tom Russo is a pre-eminent value investor of our times who manages over US$ 12 billion as a partner at Gardner Russo & Gardner. The most important idea that Russo talks about wherever he goes is capacity to suffer.