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 also 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