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Rational Optimist
06/30/2011Thomas Gayner of Markel Corp. describes the attributes he puts before a cheap price when looking to buy, why his earnings models aren’t elaborate affairs, his “silver-medal” approach toward macroeconomic risks, why he chooses to be a rational optimist, and why he believes Wal-Mart, Berkshire Hathaway, Nestlé and Intel are mispriced.
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