The odds of a double digit return for Markel over the next decade is very high. Assuming a terminal P/BV ratio of 1.75 and growth in book value per share of 10 percent per year, the total return for Markel would be 14.7 percent per year. A terminal price/book value ratio in 10 years of 1.5 implie...
Odds of a Double 'Very High" for Mini Berkshire-Hathaway, Markel
Published: November 01, 2013