Mispricing = | intrinsic value – current price | > 0
Sunday, August 26, 2007
Markel Corp - Risky Niches
Markel Corporation has built itself into a $2.5 billion company by insuring risks for often-obscure activities and groups that no one else is willing to cover.
...If that, too, sounds like Warren Buffet, the so-called sage of Omaha, it's no coincidence. “We have looked at a lot of role models and we read a lot of books,” says Markel. “We copy smart people -- or try to.”...
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