Gayner's four investment filters are: (1) Good business earning good returns on capital without excessive debt; (2) Management teams with equal measures of talent and integrity; (3) Capital discipline in acquisition, reinvestment, and allocation; (4) Price (least important if first three are present).
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Tom GaynerEvidence Quote
“a good business that earns good returns on capital without using too much debt... management teams with equal measures of talent and integrity... capital discipline... price”
Created: 8/12/2026, 10:19:48 PM
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