Thomas Gayner: My learning from Charlie Munger

In the latest episode of The Knowledge Project, Shane Parrish sits down for an extensive interview with Tom Gayner, CEO of Markel and longtime friend and disciple of Charlie Munger.

Gayner and Shane reflect on the most important life lessons they’ve learned from Munger (including their firsthand observations), what to look for when evaluating a business, and the importance of evaluating your opportunity costs before making decisions.

Gayner shares his philosophy of debt, why he disagrees with Munger about the value of reading fiction, and how simplicity is the superior management philosophy. He also talks about the importance of playing a long-term game in a short-term world and how to overcome the obstacles of doing so.

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