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Everyone wants to find the next Berkshire Hathaway. $MKL is constructed similarly to Berkshire. It’s #1 holding is Berkshire Hathaway. At a $23 Billion Market Cap for Markel, that’s the size of Berkshire in 1994. Since 1994, Markel has beat Berkshire for total performance. Markel right now is at one of the most extreme lags vs. the S&P 500 along with most Insurance Companies. Markel is way under its Trend. The S&P 500 is way over its Trend. Markel has a fair chance of being included in the S&P 500 within a year. They’ve been near the entry line for about two years.

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