[From The Archives] Tom Gayner 2011 Value Investor Insight Interview — Part Three

1. [From The Archives] Tom Gayner 2011 Value Investor Insight Interview — Part One
2. [From The Archives] Tom Gayner 2011 Value Investor Insight Interview — Part Two

Continued from part two…

Tom Gayner: Position analysis

After discussing Tom Gayner’s investment process, the Value Investor Insight’s interview moved on to discuss Markel’s equity portfolio, picking out four key investments; Wal-Mart, Berkshire Hathaway, Intel and Nestlé. (At the end of Q1 2015 Markel still held a position in Wal-Mart, Berkshire and Intel. Nestlé had been sold)

[buffett]

Gayner picked each of these companies for specific reasons. He gives a run-down of these reasons in the interview.