MKL

[Maverick2608]

Mini Berkshire?

In my jurisdiction ETFs are taxed at the end of each year based on mark-to-market. Otherwise I would just buy SPY.

Individual stocks are taxed according to the realisation principle, so taxes can be postponed indefinitely. Thus, MKL could be an option to postpone taxation.

I assume MKL is much less diversified than SPY of course. But any other insight or views on MKL?

 

[nitrene]

It is mainly an Insurance & Reinsurance company, which is different that Berkshire which is more like the Dow Jones or S&P index. Seems like it is easier to just buy BRK.B.

MKL under performed BRK.B since the Covid bottom by about 40%:



I mean Buffet also owns OXY & AAPL which have nothing to do with Insurance and have done well.

 

[ETJ]

We've owned it since the ipo when much of their business was insuring race horses. They are one of the majors that write excess for brokerage houses.