In this engaging discussion, Peter Keefe, an investor at Avenir and longtime Markel shareholder, alongside Saurabh Madaan, the founder of Manveen Asset Management and former Deputy CIO at Markel, dive into Markel's unique business model. They explore its core values of transparency and integrity, likening it to Berkshire Hathaway while arguing against the direct comparison. The duo also sheds light on the importance of long-term capital allocation, the intricacies of risk management in insurance, and how character drives sustainable success.
