Gayner Dumps GE and Capital One, Adds...

Gayner Dumps GE and Capital One, Adds 3 New Positions in 3rd Quarter

Gayner invests in companies using a value-oriented approach: he believes the company's stock is part of a business, which in turn is worth the present value of the future cash flows. Gayner said Markel "operates with a margin of safety in the investment portfolio" and can earn "the best returns" by concentrating his focus and portfolio in areas where he has the highest understanding and knowledge.

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