The Interview Discusses:
The secret to success in the investment business.
His investment thesis on both Home Depot & Diageo.
Why investing through the covid crisis was harder than investing through the financial crisis.
How covid has impacted Markel’s insurance operations.
His thoughts on Berkshire Hathaway investing in Markel.
His observations of Warren Buffett as a fellow board member at The Washington Post.
How Markel decides whether to invest in private companies through Markel Ventures or in public securities.
Why he thinks it is possible for Markel Ventures to one day be larger than Markel’s equity portfolio.
Why most investors who tried to use insurance operations as funding mechanisms have failed.
How he decides to add to existing equity positions.
The advantages of having low turnover in his equity portfolio that most investors do not appreciate.
His thoughts on when it is appropriate to use leverage.
Markel’s capital allocation priorities.
His thoughts on the cable industry...
For more information on the 2023 Markel Shareholders Meeting, please visit www.MarkelShareholdersMeeting.com
For any questions or to ask a copy of the Markel report, please email us at boyarresearch@boyarvaluegroup.com.
The Boyar Value Group's mission is to search for value on behalf of our clients.
Since 1975, the Boyar family of companies has been relentlessly focused on discovering value for our clients. For more than four decades we have navigated through fads, gimmicks and market volatility. Utilizing value investing to try to create and preserve wealth has and always will be our sole focus. Our experienced team of analysts looks for diamonds in the rough, companies passed over by the rest of the investment community, but whose true value, in our opinion, significantly exceeds their current stock price. In essence, we are trying to buy a dollar for fifty cents.
To find out more about the Boyar Value Group, please visit www.boyarvaluegroup.com
Tom Gayner, Co-CEO of Markel discusses the evolution of Markel into a Fortune 500 company, the secret to success in the investment business and much more…