Subject: Re: Slightly OT: MKL for sale
From Markel link:

“…We asked shareholders, including JANA, for feedback on what we're doing well and where we can improve. We value the thoughtful input of our shareholders—it's a big part of what makes Markel Group special.

While opinions varied, we're committed to listening, learning, and considering all perspectives at both the board and company levels. This process strengthens us for the benefit of our customers, shareholders, and team members.

To that end, we have decided to conduct a review of our business. It will be an opportunity to reflect on the changes over the past two years and ensure our goals and direction align with our shareholders' priorities.

The board will lead this review, assisted by external consultants and advisors…”

This does not exactly instill a ton of confidence in management and seems quite un-Berkshire like with some self-doubt, reflection and use of expensive “external consultants and advisors” Hey, I want MKL to thrive as a 10- year owner, but I have been underwhelmed compared to Berkshire.