CarMax: A Better Way to Buy and Sell Used Cars?

CarMax was founded in 1993 in Richmond, Virginia under the ownership of Circuit City Stores.  In the early 1990s, Circuit City was looking for growth opportunities in different markets outside consumer electronics.  The automotive sector was identified due to its large

Interesting Reading – November 25, 2016

In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing.   The Big Short: Is the next financial crisis on its way? – The Guardian, November 19, 2016.  Steve

Markel Ventures Gains Momentum

“On the Markel Ventures front, in a word, the first nine months of 2016 were fantastic … our cyclical business has enjoyed strong revenues and earnings as the management team did a great job of making hay while the sun


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