Tom Gayner is co-CEO and chief investment officer at Markel Corporation, a holding company for insurance, reinsurance, and investment operations around the world. The company has often been compared to Berkshire Hathaway in the way it operates. Gayner is an excellent investor and one of the best in the modern era. Just go and look at his performance at Markel for proof of this. Gayner gave a talk at google a couple of year’s back which was a masterclass. That talk had a number of golden nuggets. Here are 14 of them which every investor can learn from. Enjoy! Invest in profitable businesses. Focus on those that have good returns […]
I can summarise this post in one sentence. When Starting out, your savings rate is more important than your the rate of return on your investments – but later on when your pile of money is bigger, your investment returns matter far more. That is it. If you truly understand this statement, you can rapidly build your net worth over time. You can now close this article and be on your merry way. But for those of you who want to understand more and want they dynamics of how this works, read on. To understand this concept, have a look at the following: A 8% return on £1,000 is £80. […]
The name Warren Buffet is synonymous with success. His success in the investment world has led him to become the richest person in the world. His company, Berkshire Hathaway, has grown its book value per share from $19 to $300,000 – a compounded annual rate of 19.1%. The results Warren Buffet has achieved are phenomenal. No other investor comes close to him over that time frame. So what has been Warren Buffets success? There is no better person to answer this than his business partner, Charlie Munger. Munger answered the question on why Berkshire Hathaway was so successful during the 2007 DJCO meeting. Read, reread, and reflect on Munger’s response. […]
It is common knowledge that you need money to make more money. At the beginning, when most people look at the paltry sums they have to invest, they ask themselves what’s the point. This is the biggest mistakes most people make. They do not think small amounts can make a difference. But a change in mindset is required. For everybody starts small. When it comes to saving and investing, even the smallest of amounts can make a difference. The biggest misconception people have is that they think they have to start with an entire Napoleon-like army. They suffer from the “not enough” mentality; namely that if they aren’t making £1,000 […]
Charlie Munger and Warren Buffet are probably the best known investing duo that ever lived. Both of these investors are great in their own right but when they come together, they have leveraged there knowledge and made decisions that have turned Berkshire Hathaway into the colossal conglomerate it is today. Both Buffet and Munger have a great eye for wonderful businesses and this had led them to achieve great returns on their stock market investments over the years. Buffet and Munger stock selection strategy is relatively straightforward and easily implementable by the average investor. In Mungers own words, their stock selection strategy is as follows: We have to deal in […]
Anyone that wants to build wealth should abide by the following statement : buy more assets – things that put money into your pocket – and less liabilities – things that take money out of your pocket. Cash flowing assets are the key to prosperity whilst liabilities can leave you in financial ruin.
Donald and Mildred Othmer were a couple like any other from Omaha. Except they had a secret. They both knew Warren Buffet when he was starting out and had the foresight to invest their money into his partnership. The rest as they say is history
There are a number of companies with the name Coca Cola listed on the stock market. So which one should you invest in? This article looks at the various Coca Cola enterprises.
About a year ago, a reader of the site (Pawel) got in touch with me via the contact form on the site. He had just come across the concept of Financial Independence and was intrigued by the concept. Pawel was in touch to say how much he enjoyed this site and had a few specific questions to ask. Ever since them, Pawel and I have been in regular contact with each other. So when he asked me for an interview for his sites smartpolak and smart roman I was only too happy to oblige. Please find the interview below. Enjoy. Let’s start with general question about Money Grower blog. When […]
Last week, I applied for shares in AJ Bell PLC at the Initial Public Offering (IPO). Normally I am averse to IPO’s. Empirical evidence has shown that IPO’s tend to underperform . Insiders who have more knowledge of the firm usually sell out at the top and this is why IPOs in many instances tend to underperform. But with AJ Bell, I did not have the usual concerns that come with an IPO issue. This is because the founder Andy Bell decided to keep his stock. Furthermore the IPO was only available to customers of AJ Bell that had an account as of 18 October 2018. And only 26.6% of […]