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- Tom Russo told Insider he's extremely concerned about the long-term fallout from exploding US debt.
- The fund manager warned stocks could feel the pinch from higher interest rates.
- Russo touted Warren Buffett's Occidental Petroleum bet as a hedge against oil prices rising.
Tom Russo has raised the alarm on the national debt, warned stocks may get squeezed, and explained why Warren Buffett's massive investment in Occidental Petroleum is a master stroke.
Russo — the managing member of Gardner, Russo & Quinn — told Insider in a recent interview that he's deeply worried about the US government's aggressive borrowing, and its long-term consequences for Americans.