Markel Could Beat Berkshire as Value Pick

Warren Buffett has achieved enormous success with Berkshire Hathaway (BRK.B), using it as a quasi closed-end fund. Berkshire garnered a lot of recent attention when it bought back a major block of stock from the estate of a longtime shareholder at near 120% of book value.

Insurance companies find that year-to-year earnings per share can vary dramatically. Buffett believes that long-term growth in book value is the best way to judge his success. Berkshire had a good record in this metric, according to its numbers from year-end 2002 through year-end 2011. Book value rose 145% cumulatively....394 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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