cover of episode #186 Tom Gayner: Invest Like The Best

#186 Tom Gayner: Invest Like The Best

2024/1/23
logo of podcast The Knowledge Project with Shane Parrish

The Knowledge Project with Shane Parrish

Chapters

Tom Gayner discusses the profound impact Charlie Munger has had on his investment philosophy, emphasizing the importance of deserving what you want and the transition from finding cheap businesses to finding good ones.

Shownotes Transcript

Tom Gayner, CEO of Markel Group, reveals the lessons he’s learned from Charlie Munger and Berkshire Hathaway, how he invests, and the specific way he thinks about opportunity cost.

Gayner shares the difference between good debt and bad debt, where he disagrees with Munger, and why he focuses on the basics.

This intimate conversation offers a level of insight and honesty that Tom hasn’t offered anywhere else.

Gayner is currently the CEO of Markel Group and the Director of The Coca‑Cola Company. He also serves as chairman of the Davis Series Mutual Funds board and on the boards of Graham Holdings and Markel.

Listen and Learn.

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