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The Markel Style
From today's TSOH update:

"Markel repurchased $105 million of its stock in Q2 FY23 - the largest quarterly rate in its history (2017 was the first time that the company repurchased >$100 million in a year). In addition, Gayner has continued to buy more shares on the open market (he added another ~$148,000 of stock on August 7th). In total, these actions suggest management believes the stock is an attractive proposition near current levels; given my purchases in July, I naturally agree. (May 2023 Meeting: “Over the past year, the two largest buyers of MKL stock were Markel Group and Berkshire Hathaway - and I hope at least one of those two knows what they’re doing.”)"

thescienceofhitting.com
The Markel Style
Note: On a recent Sunday afternoon, I spent a few hours talking with Ben Gilbert from Acquired. Long story short, Ben signed up for TSOH after a fellow subscriber pointed him to some of my research on Costco (a big thank you to whoever told him!). If you have some time and would like to hear the history of Costco,

Jonathan Garcia's avatar
Haha - “I hope at least one of these two knows what they’re doing”
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