William Green chats with Tom Gayner, one of the great long-term 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 time-tested 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 long-term 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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On Richer, Wiser, Happier, William Green interviews high-profile 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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