RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner

<p>In this episode, 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 &amp; investing while also building a happy &amp; fulfilling personal life.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>03:38 - How Tom Gayner made a fortune by setting up a retirement account at age 14.</p><p>10:59 - What he learned from his grandmother about the glory of long-term compounding.</p><p>16:29 - How to succeed through steady, persistent progress over long periods of time.</p><p>30:00 - Why humor, fun, &amp; joyfulness are central aspects of Tom’s approach to work.</p><p>35:15 - Why it’s so helpful to set down your thoughts, principles, &amp; values in writing.</p><p>38:33 - Why we should bet on companies that do things “for” their customers, not “to” them.</p><p>41:17 - What Charlie Munger teaches about the secret of success.</p><p>47:52 - How to flourish in business &amp; life by compounding relationships built on trust &amp; love.&nbsp;</p><p>1:00:46 - How Berkshire Hathaway embodies everything Tom looks for in a business.</p><p>1:09:08 - What we can learn about investing from the comedian Jerry Seinfeld.</p><p>1:12:17 - How Tom approaches the challenge of appraising a person’s talent &amp; integrity.</p><p>1:13:23 - Why he prefers to aim for satisfaction, not optimization.</p><p>1:26:39 - Why you should never check your luggage when you travel.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Tom Gayner’s company, the <a href="https://www.markel.com/" rel="noopener noreferrer" target="_blank"><strong>Markel Corporation</strong></a>.</li><li>Tom Gayner’s <a href="https://s201.q4cdn.com/916389373/fil