(GuruFocus, December 18, 2008) James Altucher, managing partner of Formula Capital went to Yahoo! Finance Tech Ticker recommending people buy Markel (MKL, Financial) as an alternative to Berkshire Hathaway. Investment Guru Tom Gayner is the Chief Investment Officer of the company.
Watch the video here:
And read the write-up here .
We concur with Mr. Altucher and consider Markel is a mini-Berkshire Hathaway, like Prem Watsa’s Fairfax financials and Ian Cumming’s Leucadia. They own insurance companies and use the float to invest and grow the company’s book value by value investing. And they buy entire businesses to diversify their operations.
Each Investment Gurus faces unique challenges and has different approaches when it comes to investing, but what surprises me is the number of stocks that Buffett and Gayner share.
GuruFocus has a Premium Member Tool called “Aggregate Guru Portfolio”. Using it, one can identify the stocks that multiple Gurus own at the same time.
We apply the tool on Buffett and Gayner and it yields 16 names. Warren Buffett currently owns 43 names in the Berkshire Hathaway portfolio, and Tom Gayner owns 77 names. The overlapping is substantial.
Highlight of the overlapped stocks:
1. The Coca-Cola Company (KO, Financial)
The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. The Cocacola Company has a market cap of $132.03 billion; its shares were traded at around $56.98 with a P/E ratio of 18.8 and P/S ratio of 4.2. The dividend yield of The Cocacola Company stocks is 2.9%. The Cocacola Company had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 2.5-star.
Buffett owns 200 million shares and Gayner owns a token 21,900 shares.
2. American Express Company (AXP, Financial)
American Express Company is in international banking services throughout the world. American Express Company has a market cap of $48.1 billion; its shares were traded at around $40.45 with a P/E ratio of 38.1 and P/S ratio of 1.7. The dividend yield of American Express Company stocks is 1.7%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Buffett owns 151.6 million shares and Gayner owns 398,370 shares.
3. The Procter & Gamble Company (PG, Financial)
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $179.95 billion; its shares were traded at around $61.59 with a P/E ratio of 17.3 and P/S ratio of 2.3. The dividend yield of The Procter & Gamble Company stocks is 2.8%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 5-star.
Buffett owns 96.3 million shares and Gayner owns 17,400 shares.
4. CarMax Inc. (KMX, Financial)
CarMax Group a holding company and its operations are conducted through its subsidiaries. The Company is a retailer of used cars. Carmax Inc. has a market cap of $4.84 billion; its shares were traded at around $21.82 with a P/E ratio of 33.6 and P/S ratio of 0.7. Carmax Inc. had an annual average earning growth of 21.9% over the past 5 years.
Buffett owns 9 million shares and Gayner owns 5.3 million.
5. WalMart Stores Inc. (WMT, Financial)
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $203.49 billion; its shares were traded at around $52.76 with a P/E ratio of 15 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2%. Walmart Stores Inc. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Buffett owns 37.8 million shares and Gayner owns 862,430 shares.
6. General Electric Company (GE, Financial)
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $168.12 billion; its shares were traded at around $15.79 with a P/E ratio of 13.1 and P/S ratio of 0.9. The dividend yield of General Electric Company stocks is 2.5%. General Electric Company had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
Buffett owns 7.8 million shares and Gayner owns 3.6 million shares.
Conclusion
To see the rest of the stocks that Buffett and Gayner share, click here.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Tom Gayner for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
Also check out:
Watch the video here:
And read the write-up here .
We concur with Mr. Altucher and consider Markel is a mini-Berkshire Hathaway, like Prem Watsa’s Fairfax financials and Ian Cumming’s Leucadia. They own insurance companies and use the float to invest and grow the company’s book value by value investing. And they buy entire businesses to diversify their operations.
Each Investment Gurus faces unique challenges and has different approaches when it comes to investing, but what surprises me is the number of stocks that Buffett and Gayner share.
GuruFocus has a Premium Member Tool called “Aggregate Guru Portfolio”. Using it, one can identify the stocks that multiple Gurus own at the same time.
We apply the tool on Buffett and Gayner and it yields 16 names. Warren Buffett currently owns 43 names in the Berkshire Hathaway portfolio, and Tom Gayner owns 77 names. The overlapping is substantial.
Highlight of the overlapped stocks:
1. The Coca-Cola Company (KO, Financial)
The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. The Cocacola Company has a market cap of $132.03 billion; its shares were traded at around $56.98 with a P/E ratio of 18.8 and P/S ratio of 4.2. The dividend yield of The Cocacola Company stocks is 2.9%. The Cocacola Company had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 2.5-star.
Buffett owns 200 million shares and Gayner owns a token 21,900 shares.
2. American Express Company (AXP, Financial)
American Express Company is in international banking services throughout the world. American Express Company has a market cap of $48.1 billion; its shares were traded at around $40.45 with a P/E ratio of 38.1 and P/S ratio of 1.7. The dividend yield of American Express Company stocks is 1.7%. American Express Company had an annual average earning growth of 1.3% over the past 10 years.
Buffett owns 151.6 million shares and Gayner owns 398,370 shares.
3. The Procter & Gamble Company (PG, Financial)
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $179.95 billion; its shares were traded at around $61.59 with a P/E ratio of 17.3 and P/S ratio of 2.3. The dividend yield of The Procter & Gamble Company stocks is 2.8%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 5-star.
Buffett owns 96.3 million shares and Gayner owns 17,400 shares.
4. CarMax Inc. (KMX, Financial)
CarMax Group a holding company and its operations are conducted through its subsidiaries. The Company is a retailer of used cars. Carmax Inc. has a market cap of $4.84 billion; its shares were traded at around $21.82 with a P/E ratio of 33.6 and P/S ratio of 0.7. Carmax Inc. had an annual average earning growth of 21.9% over the past 5 years.
Buffett owns 9 million shares and Gayner owns 5.3 million.
5. WalMart Stores Inc. (WMT, Financial)
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $203.49 billion; its shares were traded at around $52.76 with a P/E ratio of 15 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2%. Walmart Stores Inc. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Buffett owns 37.8 million shares and Gayner owns 862,430 shares.
6. General Electric Company (GE, Financial)
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $168.12 billion; its shares were traded at around $15.79 with a P/E ratio of 13.1 and P/S ratio of 0.9. The dividend yield of General Electric Company stocks is 2.5%. General Electric Company had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
Buffett owns 7.8 million shares and Gayner owns 3.6 million shares.
Conclusion
To see the rest of the stocks that Buffett and Gayner share, click here.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Tom Gayner for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
Also check out:
