Markel (NYSE: MKL ) is an insurance company that much like Berkshire Hathaway ( BRK.B ) retains most earnings to invest in stocks and acquire enterprises outright. Investment income is the primary source of the company's earnings. Long-Term Focussed In-Depth Fundamental Analysis.Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level III candidate.An av ...