Tom Gayner, Co-CEO of Markel discusses the evolution of Markel into a Fortune 500 company, the secret to success in the investment business and much more…

The World According to Boyar

The Interview Discusses:

• The secret to success in the investment business.
• His investment thesis on both Home Depot & Diageo.
• Why investing through the covid crisis was harder than investing through the financial crisis.
• How covid has impacted Markel’s insurance operations.
• His thoughts on Berkshire Hathaway investing in Markel.
• His observations of Warren Buffett as a fellow board member at The Washington Post.
• How Markel decides whether to invest in private companies through Markel Ventures or in public securities.
• Why he thinks it is possible for Markel Ventures to one day be larger than Markel’s equity portfolio.
• Why most investors who tried to use insurance operations as funding mechanisms have failed.
• How he decides to add to existing equity positions.
• The advantages of having low turnover in his equity portfolio that most investors do not appreciate.
• His thoughts on when it is appropriate to use leverage.
• Markel’s capital allocation priorities.
• His thoughts on the cable industry...

For more information on the 2023 Markel Shareholders Meeting, please visit www.MarkelShareholdersMeeting.com
For any questions or to ask a copy of the Markel report, please email us at [e-mail].
Important Disclosures. The information herein is provided by Boyar’s Intrinsic Value Research LLC (“Boyar Research”) and: (a) is for general, informational purposes only; (b) is not tailored to the specific investment needs of any specific person or entity; and (c) should not be construed as investment advice. Boyar Research does not offer investment advisory services and is not an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) or any other regulatory body. Any opinions expressed herein represent current opinions of Boyar Research only, and no representation is made with respect to the accuracy, completeness or timeliness of the information herein. Boyar Research assumes no obligation to update or revise such information. In addition, certain information herein has been provided by and/or is based on third party sources, and, although Boyar Research believes this information to be reliable, Boyar Research has not independently verified such information and is not responsible for third-party errors. You should not assume that any investment discussed herein will be profitable or that any investment decisions in the future will be profitable. Investing in securities involves risk, including the possible loss of principal. Important Information: Past performance does not guarantee future results.

Unlocking Investment Opportunities Since 1975

At the Boyar Value Group, we've dedicated nearly five decades to the pursuit of value on behalf of our clients. Founded in 1975, our firm has earned a reputation as a trusted source for uncovering undervalued opportunities in the stock market.

To find out more about the Boyar Value Group, please visit www.boyarvaluegroup.com