RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 2 April 2023
⏱️ 90 minutes
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| 0:00.0 | You're listening to TI-P. |
| 0:03.0 | Hi folks, I'm really delighted to introduce today's guest, a legendary investor named Tom Gainer. |
| 0:09.6 | Tom joined the Marquell Corporation back in 1990 to manage the company's investment portfolio. |
| 0:15.8 | He's been working at Marquell ever since and is now the CEO, overseeing something like 20,000 employees. |
| 0:22.6 | Over the last three decades, he's played a starring role in transforming Marquell from a tiny, |
| 0:27.8 | somewhat obscure insurance company based in Virginia into a powerful global conglomerate |
| 0:33.2 | that now ranks at number 289 on the Fortune 500 list of America's largest corporations. |
| 0:40.2 | Marquell's success story is one of steady, incremental progress sustained over a long period of time. |
| 0:46.9 | That's also Tom Gainer's story. |
| 0:49.0 | When I wrote about him in my book, Richard Weiserhappier, I described Tom as the King of Constancy. |
| 0:55.3 | He's a person who plugs away day after day, year after year, decade after decade, |
| 1:01.1 | in a thoughtful, diligent, consistently sensible way. |
| 1:05.3 | Tom once told me, |
| 1:06.6 | if you want the secret to great success, it's just to make each day a little bit better than the day before. |
| 1:13.4 | What's fascinating to me is that this emphasis on steady, constant, doggidly, persistent progress |
| 1:19.8 | has paid off to a spectacular degree over decades. |
| 1:23.9 | When Marquell went public back in 1987, |
| 1:27.0 | its stock was valued at a little more than $8 per share. |
| 1:30.8 | Since then, it's risen to more than $1200 per share. |
| 1:35.0 | That gives you a sense of the extraordinary power of long-term compounding. |
| 1:39.8 | As Tom Gainer sees it, |
| 1:41.4 | you really don't need to take extreme risks to build significant wealth over time. |
... |
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