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?
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.
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.