Mark Kell: A Journey in Specialty Insurance

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This chapter explores the journey of Mark Kell, a specialty insurance company, from its inception to the present day. The speaker discusses their personal relationship with the company, a significant deal in 1990, and the similarities to Warren Buffet's approach at Berkshire. They also delve into financial speculations and tax laws that affected their acquaintance.

Tom Gayner, CEO of Markel Group, reveals the lessons he’s learned from Charlie Munger and Berkshire Hathaway, how he invests, and the specific way he thinks about opportunity cost.

Gayner shares the difference between good debt and bad debt, where he disagrees with Munger, and why he focuses on the basics.

This intimate conversation offers a level of insight and honesty that Tom hasn’t offered anywhere else.

Gayner is currently the CEO of Markel Group and the Director of The Coca‑Cola Company. He also serves as chairman of the Davis Series Mutual Funds board and on the boards of Graham Holdings and Markel.

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