Markel (MKL) Co-CEO Tom Gaynor Interview

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Markel (MKL) Co-CEO Tom Gaynor on investing in businesses which don’t have the capacity to re-invest their profits 

“I’ve learned through painful experience that without ample reinvestment prospects, you’re generally looking at a rotting asset.”

 

 

Source: https://www.yumpu.com/en/document/view/55471962/valueinvestor/3