"Consultants in the investment world work so hard to pigeon hole investors that I think even the word “value” is misconstrued to just mean low multiples of book value or earnings. Even Ben Graham early on talked about how growth is of great value, it's just riskier and more difficult to quantify . I'm always amazed that someone would say they weren't a value investor—I wouldn't admit it even if I wasn't . It just seems silly to think about investing any other way .”
—Thomas Gayner , Markel Corp.
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