In my previous post I valued Berkshire Hathaway using Tom Gayner's valuation method, which he described in a Value Investor Insight interview from 2012. So I figured I might as well put Markel's numbers into the spreadsheet and see what we get. Before I get to that here's a quick summary on Gayner's valuation method for those … Continue reading Valuing Markel
I recently came across a post by Greg Speicher from 2011 that described Tom Gayner's method for valuing Berkshire Hathaway. The post referenced a 2011 Value Investor Insight interview in which Gayner discusses his valuation method for Berkshire. It's really a great interview with a ton of insight from Gayner. Anyway, Greg did a great job summing up … Continue reading Valuing Berkshire with Help From Tom Gayner
I updated the T&T portfolio as of Q3. Let me know if anything is missing or should be added. Todd & Ted Combined Portfolio (updated as of 9.30.15) Stock Shares Held Market Value % of Portfolio DVA 38,565,570 $2,789,448,000 14.97% T 59,320,756 $1,932,670,000 10.37% CHTR 10,281,603 $1,808,020,000 9.70% GM 50,000,000 $1,501,000,000 8.05% DE 17,052,110 $1,261,857,000 6.77% … Continue reading Todd and Ted Portfolio Update (9.30.15)
I recently read the Form F-1 (which you can find here) and thought I would share some of the more interesting parts... at least to me. A little background first. In October, 10% of Ferrari will be sold to the public via IPO, then the remaining 80% will be spun off to Fiat Chrysler shareholders … Continue reading Ferrari: Notes from the Form F-1 (RACE)
I recently tweeted out some of my favorite 13F's and figured I would make a more expansive post for future reference. I personally like looking over select 13F's, especially if there are a significant amount of new buys. Some people dismiss it as useless, but I think if you follow great investors that have concentrated … Continue reading Todd & Ted, Concentrated Portfolios and Some Links
Value Investing Playlist Some good in depth videos with great investors. Klarman, Akre, Ben Graham, Peter Lynch, Munger, Buffett, Pabrai, Dorsey, Bares, Greenblatt, H Marks, Gayner and others.
Background Markel's been around for close to 90 years, went public in 1986 and has compounded at a 20% annual rate since the IPO. Steve Markel is Vice Chairman along with CIO Tom Gayner and Chairman/CEO Alan Kirshner. From the 2014 10K: “We are a diverse financial holding company serving a variety of niche markets. … Continue reading Markel Corp (MKL): A Conservative Compounder