Tips by Thomas Gayner

Character today is best judged in the proxy statement: what do they pay themselves and how? Is their financial self-interest truly aligned with mine...
I often find opportunity in companies where a compression of valuation has already taken place. GE is an example. Six years ago, it was at 40x...
I have a ready answer when people ask me why I’m such a long-term investor, which is because I failed miserably as a short-term investor. I’m not...
My feeling is that it’s beyond my skill set to try to buy local companies outside the U.S. Some people will make a lot of money doing that, but not...
The fact is, when I feel I have to write a letter and make noise, that almost always means I’ve made a mistake and the more productive use of my...
It’s hard to get away from truisms and clichés, but things that appear too good to be true – investments or otherwise – usually are. The market...