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Letters
June 20, 2019
Glacier Media: Misunderstood Business with Valuable Digital Assets
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June 17, 2019
A Brief History of the Supermarket Business
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June 15, 2019
Update on Our Leaf Group Investment Thesis
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June 13, 2019
Five Easy Games for Fundamental Value-Driven Investors
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June 8, 2019
Update on Our Rosetta Stone Investment Thesis
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June 7, 2019
Why I Prefer Compounders Over Short-Term Re-Raters
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June 4, 2019
Trade Wars and Recessions: Investing Under Conditions of Uncertainty
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June 2, 2019
A Perspective on Value Investing in South Africa
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June 1, 2019
Update on Our Spark Networks Investment Thesis
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May 29, 2019
Why We Decided to Seed South Africa-Based Desert Lion Capital
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May 28, 2019
Why We Initiated a Position in Sea Limited
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May 25, 2019
Update on Our Tucows Investment Thesis
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May 21, 2019
The Forest and the Trees: Profiting from Time Arbitrage
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May 20, 2019
The Five Pillars — Tom Gayner’s Comments at Markel Annual Meeting
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May 19, 2019
Update on Our Tower Semiconductor Thesis
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May 13, 2019
The Six Deadly Sins of Institutional Money Management
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May 11, 2019
Looking for the Next ROIC Machine
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May 9, 2019
Update on Our Enzo Biochem Investment Thesis
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April 30, 2019
A Deeply Humbling Business That Involves Extreme Discipline and Trust
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April 30, 2019
An In-Depth Case Study of Nintendo: Dominant Player in Growing Industry
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