This week we’re delighted to be joined by Tom Gayner, CEO of Markel Group, which some have drawn comparisons to Berkshire Hathaway. After university, Tom got his start at Markel, a holding company with operations in insurance, services and industrial operations as an analyst in 1990. Tom’s talent was quickly recognised by Markel’s founder Steve Markel and Tom climbed the ladder before becoming Co-CEO in 2016 and then CEO in 2023. In addition to this role, Tom is a director of the Coca Cola Company. We sat down with Tom to cover the strengths and weaknesses of co-management; how culture and narrative impact decision making; applied probabilistic thinking from a master decision maker himself; the 25 year locked in student fund; and the dollar cost average vs going passive when it comes to capital allocation. Enjoy!

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Episode 116: Lead Production Meets Transportation With Kirk Franzen