GuruFocus is always looking for investment gurus that qualify for our List of Gurus. We are very glad to announce that we have added Tom Gayner into our Guru Hall of Fame.
Tom Gayner is the Executive Vice President and Chief Investment Officer Of Markel Corp and President, Markel Gayner Asset Management, Inc., the investment subsidiary Of Markel Corp since December of 1990. The asset under management is about $2 billion. Over the last 10 years, Mr. Gayner has averaged an investment return of 14.3% a year, compared with S&P500’s 7.6% over the same period.
Markel Corp (MKL, Financial) is known by many people as mini Berkshire Hathaway (BRK-A, BRK-B). It also operates in insurance industry. Also similar to Berkshire Hathaway, it never split its stock. Its stock price closed today at $482.8, it has outperformed the stock of Berkshire over the last 15 years. As the CIO of Markel Corp, Tom Gayner is certainly a value investor. He thinks stock is part of a business and the business is worth what the present value of the future cash flows are. “We operate with a Margin of Safety in the investment portfolio.” He said. He has also relatively concentrated portfolio. He believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge.
Adding Tom Gayner into our List of Gurus was first proposed by user pdurell, who is also a famed value investor followed by many. We do not disclose his real name here as we did not ask his permission of doing so.
We are comparing Markel Corp with Berkshire Hathaway, and Tom Gayner’s rule in investment management at Markel is similar to Warren Buffett’s this part rule in Berkshire. We all know that Warren Buffett is looking for CIO, isn’t Tom Gayner an interesting candidate for Warren Buffett?
Tom Gayner is the Executive Vice President and Chief Investment Officer Of Markel Corp and President, Markel Gayner Asset Management, Inc., the investment subsidiary Of Markel Corp since December of 1990. The asset under management is about $2 billion. Over the last 10 years, Mr. Gayner has averaged an investment return of 14.3% a year, compared with S&P500’s 7.6% over the same period.
Markel Corp (MKL, Financial) is known by many people as mini Berkshire Hathaway (BRK-A, BRK-B). It also operates in insurance industry. Also similar to Berkshire Hathaway, it never split its stock. Its stock price closed today at $482.8, it has outperformed the stock of Berkshire over the last 15 years. As the CIO of Markel Corp, Tom Gayner is certainly a value investor. He thinks stock is part of a business and the business is worth what the present value of the future cash flows are. “We operate with a Margin of Safety in the investment portfolio.” He said. He has also relatively concentrated portfolio. He believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge.
Adding Tom Gayner into our List of Gurus was first proposed by user pdurell, who is also a famed value investor followed by many. We do not disclose his real name here as we did not ask his permission of doing so.
We are comparing Markel Corp with Berkshire Hathaway, and Tom Gayner’s rule in investment management at Markel is similar to Warren Buffett’s this part rule in Berkshire. We all know that Warren Buffett is looking for CIO, isn’t Tom Gayner an interesting candidate for Warren Buffett?
