Tom Gayner: No catalyst
The interview goes on to discuss Tom Gayner’s style of buying stocks. For example, many value investors buy after a bout of bad news from a company, which pushes the price down to a level that appears attractive.
Gayner doesn't use the same methodology. For him, there’s no “trigger” event that pushes him to make a buy or sell decision.
Usually, Gayner spends time to get to know a company and its management, building up a position over time; he’s in no rush to take a position. An example given is Brookfield Asset Management, a company Markel owned a position in...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
