I am a new regular member and just received your portfolio holdings, showing that you favor insurance companies, largely. Are you holding Berkshire Hathaway and Markel, etc. primarily for capital appreciation? I see that neither one of these stocks pays a dividend.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Notice: Undefined variable: karmaOutput in /home/sgumdev/public_html/wp-content/themes/sgum_2016/functions.php on line 3288
Yes, they are long term compounders of book value, which I am confident will result in higher share prices over long time periods (though neither is compellingly cheap right now). Those and my other insurance company holdings together comprise about 25% of my individual equity portfolio (that is, of my portfolio of individual stocks — which is about half of my stock market exposure, the balance coming in diversified funds of various types)
Do you trade those companies or write covered calls on them? I am remembering Markel’s surge last week, and its pullback. Do you play those short-term actions?