As of yesterday, I created a 5% position in Markel Corporation. The updated portfolio is below
| Companies | Weightage (cost basis) |
|---|---|
| AB InBev | 3.50% |
| Berkshire Hathaway | 10.00% |
| Disney | 5.00% |
| Fairfax India Holdings | 10.00% |
| 10.00% | |
| Markel Corporation | 5.00% |
| Philip morris | 2.00% |
| UBS ETF CH-SMI | 5.00% |
| Vanguard Emerging Markets Stock Index Fd | 10.00% |
| Cash | 39.50% |
Markel is a specialty insurance company with a diversified investment book, both in listed and unlisted companies. They have a very rich track record of over 3 decades. I have captured the business essence in the thread below. My own expectation is growth in book value of 10% which is management’s stated goal. The figure below captures key metrics and how company has grown. My exit price will be ~1.8x P/B, the current number is ~1.2x P/B.
