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.

The bucks tumbled for investors of Starbucks (NYSE: SBUX) when the star purveyor of premium coffee reported $0.15 EPS for the March quarter of 2008 versus $0.19 last year, a disappointing -21% drop (see conference call transcript).

Warren Buffett, the Oracle of Omaha and the world’s richest man, according to Forbes magazine, always has enlightening words for our money minds. Here are the major takeaways we recently collected from Omaha.

The worst of the financial crisis is over.