William Green chats with Tom Gayner, one of the great longterm investors of our time. Tom is the CEO of the Markel Corporation, a global financial holding company, where he oversees about 20,000 employees. Here, he shares his timetested advice on how to achieve enduring success in business & investing while also building a happy & fulfilling personal life. 

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 Intro
00:00:38 How Tom Gayner made a fortune by setting up a retirement account at age 14.
00:11:15 What he learned from his grandmother about the glory of longterm compounding.
00:14:11 How to succeed through steady, persistent progress over long periods of time.
00:24:13 Why humor, fun, & joyfulness are central aspects of Tom’s approach to work.
00:29:36 Why it’s so helpful to set down your thoughts, principles, & values in writing.
00:31:57 Why we should bet on companies that do things “for” their customers, not “to” them.
00:36:19 What Charlie Munger teaches about the secret of success.
00:43:09 How to flourish in business & life by compounding relationships built on trust & love. 
00:52:21 How Berkshire Hathaway embodies everything Tom looks for in a business.
01:01:02 What we can learn about investing from the comedian Jerry Seinfeld.
01:04:20 How Tom approaches the challenge of appraising a person’s talent & integrity.
01:09:40 Why he prefers to aim for satisfaction, not optimization.
01:19:15 Why you should never check your luggage when you travel.

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ABOUT OUR SHOW  
On Richer, Wiser, Happier, William Green interviews highprofile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.

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