Tom Gayner & Steve Markel On What Makes A Great Business

Tom Gayner is the co-president and chief investment officer of the financial holding company Markel. He has an outstanding record as a portfolio manager, achieving a return of 11.3% per annum for the past 15 years. Steve Markel has held the position of vice chairman of Markel since March 1992 and has been a director of Markel since 1978. Also, he serves as a director of Fairfax Financial Holdings, Ltd and the Markel-Gayner Asset Management Corporation.

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In this video, recorded at the UVA Investing Conference 2008, these two business guru’s discuss the overlap between the worlds of investing and managing businesses as well as the traits they look for in...