The Investor Who Won’t Sell Berkshire Hathaway or Markel
Martin Wiegand may be the world’s greatest shareholder, at least from a company’s lens: He isn’t selling. He’s been holding Berkshire Hathaway stock for decades, and after an encounter with Markel (NYSE: $MKL) CEO Tom Gayner in the Berkshire meeting line, he’s been a Markel shareholder as well. Martin wasn’t able to come to Richmond, Virginia for this year’s Markel shareholders’ meeting for family reasons, so we connected digitally — to talk about why Martin brings a posse of friends and family to shareholder meetings, the benefits of high-quality shareholders to both companies and society, why he’s not fazed by Markel’s recent underperformance, why cash buffers at Berkshire and Markel could act as buoys preventing their stock prices from falling too far, and more.
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This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. James owns shares of Markel and Berkshire Hathaway. BBAE has no position in any investment mentioned.
