Could Buffett have a hand in picking Gayner to become a board member of $KO, the two have served on boards together and Markel holds no shares in the company.
I don't know how involved Buffett gets in these things (though it's definitely possible), but I can see Coca-Cola wanting a "Buffett-like voice" on its board and choosing Gayner based on that. Another interesting connection: there's a lot of overlap between Gayner and Berkshire director Christopher Davis. Gayner serves as chairman of the board of the Davis Series Mutual Funds and they both are on the board of Graham Holdings Company together. Davis has been a director at Coca-Cola since 2018 and now Gayner has joined him there, too.
re: Activision and this comment: "Sadly, we may never get a clear answer to this question." - we should be able to see the exact sale prices and dates when NICO files their Q2 National Association of Insurance Commissioners (NAIC) filings after Q2's 10Q is published.
Could Buffett have a hand in picking Gayner to become a board member of $KO, the two have served on boards together and Markel holds no shares in the company.
I don't know how involved Buffett gets in these things (though it's definitely possible), but I can see Coca-Cola wanting a "Buffett-like voice" on its board and choosing Gayner based on that. Another interesting connection: there's a lot of overlap between Gayner and Berkshire director Christopher Davis. Gayner serves as chairman of the board of the Davis Series Mutual Funds and they both are on the board of Graham Holdings Company together. Davis has been a director at Coca-Cola since 2018 and now Gayner has joined him there, too.
Excellent point, hadn’t thought about the connection between Gayner and Davis. Thanks Kevin!
re: Activision and this comment: "Sadly, we may never get a clear answer to this question." - we should be able to see the exact sale prices and dates when NICO files their Q2 National Association of Insurance Commissioners (NAIC) filings after Q2's 10Q is published.
Thanks! Great point.
We agree, the Liberty Media spin-off of the Atlanta Braves was a mind-bender of a situation. We did our best to explain it here:
https://specialsituationinvesting.substack.com/p/liberty-media-spin-out#details
That's a great explainer of the whole situation. Thanks for sharing!
We hope folks find it helpful.