Tom Gayner is the President and Chief Investment Officer of Markel, a specialty insurer located 102 miles south of Motley Fool HQ. Mr. Gayner kindly invited me and three other Fools to have lunch with him this past Tuesday.
Markel is regularly mentioned in speculative discussions around which company could be the “next Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B).” As Chief Investment Officer, Gayner manages the company’s equity portfolio which has generated returns of 12.4% per year over the past decade – handily beating the S&P 500. In addition to that sterling performance, Gayner is one of the most quotable investors out there. The video below is our full conversation. A full transcript follows the video.
Via The Motley Fool