Warren BUFFETT“A public-opinion poll is no substitute for thought.”
Bernard BARUCH“Millions saw the apple fall, but Newton asked why.”
By Brian Zen, CFA
Famed value investor Thomas A. Russo, of investment advisor Gardner Russo & Gardner, gave his musings on “global value” equity investing at New York Society of Security Analysts [NYSSA] on May 22, 2008.
Liquidation value is often overstated.
Russo stressed the value of consumer brands and express serious doubts about liquidation value currently used [...]