For those of you who are unfamiliar with Markel, it's a niche-focused specialty insurance company that is modeled on Berkshire Hathaway (brk.b.B), and like Berkshire CEO Warren Buffett, the executives at Markel have an enviable track record investing in public equities.
Vice chairman Steve Markel and chief investment officer Tom Gayner head the firm's stock-picking, and over the last decade their equity investments have appreciated by 13.1% annually, far outpacing the S&P 500's 7.31% annual gain.
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Happy reading,
Dah Hui Lau (David)
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