Investor who is looking to learn as much as possible to be the best investor I can be. Sharing investments to create open dialogue and discussion.
Good deck. Its underappreciated how much the leverage in Markels balance sheet has declined over the years, particularly GWP to SH equity. A natural consequence of retaining all earnings. Interestingly buying Alterra did not fix this, as their leverage was just as low!
This is a very good presentation. Thanks for sharing it. I have a quick question.Why does BRK's float increase every year, but MKL's is almost stagnant?