No. of Recommendations: 2
Hey, that's what makes a market.
As they say "to each his own." The probabilities are subjective anyhow.
If you are really willing to go down the quality spectrum, you ought to consider Fairfax instead of MKL. A higher probability of outperformance vs. BRK as compared to MKL (in my opinion) as it is much cheaper & has a different investing style and significant international exposure compared to BRK. Whereas MKL is like: not as good as BRK in investing, u/w and buying private businesses with worse managerial quality (IOW wannabe BRK, but just not as good). I do think it would make a good acquisition for BRK (at a price) if they are willing to sell.
FWIW I own some Fairfax but a lot more BRK.
