I think the cheap analogy would be to compare Markel, call it a mini Berkshire. Can you explain how and where that falls short of explaining what Markel is and does in its history? I don't describe Markel as a mini Berkshire because I think it's unfair. It'd be like comparing Peter Keefe to Warren Buffett. And so I think Berkshire's Berkshire and Markel is Markel. They have the same fundamental operating structure.

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